Markets.News
Gold prices reached a new record high on Tuesday, hitting $3,546.99 per ounce, surpassing the previous peak of $3,500 in April. Silver is currently trading at $40.72 per ounce, while platinum stands at $1,397 per ounce. The GLD stock is at a crucial technical level. Recently, it was disclosed that Central Banks globally hold more gold than U.S. Treasuries for the first time in almost 30 years, signaling a move towards diversification. This shift is attributed to increasing geopolitical uncertainties and the desire to lessen dependence on the U.S. Dollar. The complete article can be found on Benzinga.com.