Comex Bets Drive Gold to Fresh Record Prices

Gold Price News By Atsuko Whitehouse – Monday 23rd September 2024.

GOLD PRICES hit new record highs against all major currencies bar the Japanese Yen on Monday, marking the 29th Dollar record of 2024 after Comex speculators raised their bullish betting to a 4-year high and futures traders raised their expectations for the US Fed to keep slashing interest rates, writes Atsuko Whitehouse at BullionVault.

Spot gold priced in the Dollar rose 0.4% in Asian trade, reaching a new record of $2631 per Troy ounce before falling back and then rallying to $2626 in London.


BullionVault is the world's largest online marketplace for gold, silver, platinum and palladium. Launched in 2005 and now caring for $4.1 billion of precious metal for over 100,000 users from 175 countries, it enables private investors to access the low costs, deep liquidity and ultra-high security of the wholesale bullion market.

A full member of professional trade body the London Bullion Market Association (LBMA) since 2008, BullionVault was chosen in 2017 as online vaulted bullion partner of the mining-industry backed World Platinum Investment Council. BullionVault in 2022 won a third Queen's Award for Enterprise, this time for International Sales.

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