Markets.News
On Tuesday, spot gold prices reached a new record high of $3,546.99 per ounce, surpassing the previous peak of $3,500 in April. Silver and platinum prices have also surged to $40.72 and $1,397 per ounce, respectively. Meanwhile, GLD stock is currently at significant technical levels. Recent reports reveal that Central Banks globally now hold more gold than U.S. Treasuries for the first time in nearly thirty years. This shift reflects a trend towards diversification among central banks due to increasing geopolitical uncertainties and the aim to reduce dependence on the U.S. Dollar. Risk analyst Nassim Nicholas Taleb and Black Swan author further elaborates on this ongoing development. For the complete coverage, visit Benzinga.com.