News

Record gold prices 'could go higher'

Wednesday 12th of August 2020

The price of gold went past US$2,000 (NZ$3,009) an ounce for the first time earlier this month and is up more than 30% this year, although it had slipped to US$1,987 by Tuesday evening.

Gold is often used as a safe harbour during times of disruption and as a hedge against inflation. 

Chris Smith, general manager at CMC Markets, said both gold and silver prices were “d...

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