Gold prices hit record highs near $2,300 as Taiwan quake dents risk appetite

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Gold prices hit record highs near $2,300 as Taiwan quake dents risk appetite

Investing.com-- Gold prices rose in Asian trade on Wednesday, remaining in sight of record highs amid increased safe haven demand after a devastating earthquake in Taiwan, while uncertainty over U.S. interest rates also boosted gold demand.

Risk appetite was dealt a fresh blow on Wednesday after an earthquake in Taiwan battered the island’s infrastructure and its top chipmaking factories, while also sparking Tsunami warnings in parts of Japan.expiring in June rose 1.1% to $2,306.25 an ounce and were just below lifetime highs of $2,308.85 an ounce by 00:47 ET .Increased safe haven demand helped gold prices largely power past increased concerns over higher for longer U.S. interest rates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold Trading: Gold Price DriversGold is a precious metal that is popular as an investment and as a safe-haven asset
Source: DailyFX - 🏆 305. / 63 Read more »

Your unwanted gold jewelry can fetch a pretty penny as gold price soarsThe price of gold continues to hit new record highs. It's an opportunity to cash in by selling unwanted or broken gold jewelry.
Source: ksatnews - 🏆 442. / 53 Read more »

12 Electric Vehicles With 300+ Miles Of RangePeople who own electric vehicles or follow EV news know the EPA and WLTP range tests might not be all that representative of real-world driving range.
Source: cleantechnica - 🏆 565. / 51 Read more »

On its first day, this new shop sold out of 300 bagels in half an hourRich Spirit Bagels is selling plain, salted, poppyseed, salted sesame and everything bagels for $2.50 a pop.
Source: denverpost - 🏆 13. / 72 Read more »

Dodge Charger, Chrysler 300 Recalled for Risk of Exploding AirbagOn about 285,000 cars from 2018–2021 model years, the side curtain airbag could rupture, potentially sending metal fragments into the cabin.
Source: CARandDRIVER - 🏆 576. / 51 Read more »

San Jose housing tower with 300-plus apartments nears final city OKA downtown San Jose housing tower is poised to receive final city approval, a project that also someday might add an office building.
Source: mercnews - 🏆 88. / 68 Read more »