Gold Glitters After Breaking Above $2100 Mark

Published on Mar 05, 2024 16:32

COMEX Gold futures extended its solid upmove, hitting near record highs as a break above $2100 per ounce extended in a convincing manner. The metal is rallying after a subdued performance in first two months of the current year as markets reassess the US Fed�s interest rate trajectory and sustained worries over geopolitical tensions push up buying support for the commodity. London`s gold price benchmark hit an all-time high of $2,083.15 per ounce at an auction on Monday, surpassing the previous record of $2,078.40 set on December 28, the London Bullion Market Association (LBMA) said in a latest update