Gold price pushed to record high by Beirut explosion, analysts say - Business Insider

Mizuho's view was backed up by Stephen Innes, chief global market strategist at AxiCorp, who attributed some of the rise to gold's correlation with oil prices, which jumped after the blast.

"Momentum is strong, likely coupled with some short covering, in line with the pop in crude oil prices on the news of an explosion in Beirut."Gold's price has jumped by over 30% year to date and crossed the "significant psychological threshold" of $2,000 as investors display a lack of confidence in other investments and favor bullion as a store of value, said Adam Vettese, an analyst at multi-asset investment platform eToro.

Hello friends! Join me today if you are interested in earning Bitcoins worth $20k and above just in 3 months, a new way of making some real good money. Send a message to learn more

Ermmmm.....no.

Canada Canada Latest News, Canada Canada Headlines

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

Trump says Beirut explosion was an 'attack,' contradicting Lebanese officials - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Halah looks like we kok Always trust DonaldTrump to stir confusion and misdemeanour around something, distracting focus from those affected by it and instead directing attention to a wild goose chase which the press will follow blindly over some days until they find out... Nothing. Worst asshole ever.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Nasdaq's record high is 'not a healthy situation,' one strategist says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »