Gold prices add to climb above $1,600, try for 5th straight gain

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Gold futures rose on Wednesday, putting the precious metal on track to register a fifth straight gain, as investors continued to buy the safe haven asset even though securities seen as risky also gained altitude on the back a slowing spread of China’s coronavirus.

 

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I think it the rest of the world trying to get off of the US dollar as reserve currency. The US has become reckless with its spending!

Cool

Usually when war or bad times are on the horizon!

$GLD is a hedge and compounding investment at the same time 👍🏼

had the USD$ Dollar weakened? like what is behind this rally?

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Gold tops $1,600 for first time since 2013 as coronavirus fears spur haven demandGold climbs on Tuesday, with prices headed back to their highest levels since 2013 as continued worries over the COVID-19 epidemic in China put pressure on... This thing is going to run for a long time. 📈 📈 What does the twenty dollars it's going for represent then just a percentage of the actual gold ? It's a great conductor. Of radio too. Not just any electricity.
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