Gold extends rally past $2,000 ...News

Bullion prices have been bolstered by weak US economic data Gold prices hit their highest since March 2022 on Wednesday, extending gains above $2,000 per ounce, amid safe-haven demand and disappointing US economic figures. Spot gold was up 0.1% to $2,030 per ounce by 12:40 GMT, while US gold futures were unchanged at $2,038.10. Analysts say the precious metal will sustain gains above the $2,000 threshold due to weaker prospects for the US economy. “The ‘third time's the charm’ for gold, having probed above the $2,000 level in both August 2020 and March 2022. This time, it appears to be able to sustain the momentum

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