Thursday, October 29, 2020

Tag: Gold Hits Record Highs!

Gold Hits Record Highs!

by Peter Schiff, Schiff Gold:

Gold hit record highs in a number of currencies on Monday as trade war worries, geopolitical uncertainty and expectations of a slowing economy drove investors to seek safe haven.

DuringĀ a recent interview on Fox Business, Peter Schiff said the trade is to get out of the dollar andĀ look at gold. As if to prove him right, gold shot up about 1.5% Monday in dollar terms, hitting a six-year high. The yellow metal pushed to $1,469,60 before some profit-taking stalled the rally.