The price of an ounce of gold passed $2,000 this week, the highest traded price ever seen for the precious metal.

The jump in price reflects the fact that many short-term speculators and also long-term investors around the world have been ploughing money into gold on a huge scale.

But why would they be doing so? Is this a wise investment? Or could it be a bubble?

Sharing the full story, not just the headlines

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Convenience stores optimistic on future prospects

Convenience store operator Shanghai Lawson Inc opened six new stores on Aug 8 in Wuhu, Anhui province-the first city the brand entered other than the provincial capital Hefei since its debut in the province in 2018. Over the past two…

No ‘V’-shape return from devastating U.S. job loss, Fed policymakers say

SAN FRANCISCO (Reuters) – As many parts of the world’s biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the coronavirus but gutted jobs, Americans should not expect a quick return to growth, U.S.…

Who is Bob Chapek, Disney’s new CEO?

New York (CNN Business)Bob Chapek now has the keys to the whole Disney empire -— not just the Magic Kingdom. The company named Chapek its new CEO on Tuesday, replacing Bob Iger. Iger will stay on at Disney through the…

Wall Street bounces as tech rout halts

(Reuters) – Wall Street’s main indexes jumped on Wednesday as investors took advantage of a three-day sell-off to buy cheaper technology-related stocks, a day after the Nasdaq confirmed correction territory. Tesla Inc shares jumped 6.9% after losing about a fifth…