Posted 4/5/2024, 9:13:41 PM
Gold Prices Hit Record Highs as Investors Seek Shelter Despite Risk-On Signals
- Gold prices hit new all-time highs above $2,330 per ounce this week despite hawkish Fed rhetoric and strong jobs data
- Survey shows Wall Street more bullish than retail investors on gold next week amid geopolitical fears
- Experts see gold demand extending beyond sovereign and Asian buyers to wealthy individuals and institutions
- Next week light on data, but conflict and politics will drive gold action along with central bank meetings
- Support seen around $2,225-50; resistance tough to predict with gold in uncharted waters, but potential toward $2,350
