{"id":1130531,"date":"2019-08-02T14:21:33","date_gmt":"2019-08-02T19:21:33","guid":{"rendered":"https:\/\/www.mining.com\/?p=998409"},"modified":"2019-08-02T14:21:33","modified_gmt":"2019-08-02T19:21:33","slug":"gold-price-surges-to-record-high-in-73-currencies","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1130531","title":{"rendered":"Gold price surges to record high in 73 currencies"},"content":{"rendered":"<p>Gold hit a six-year high on Friday as investors piled into the safe haven metal amid an escalating US-China trade war and the prospects of a return to ultra-loose monetary policy by the Fed.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Gold for delivery in December, the most active futures contract trading in New York, touched a high of $1,461.90 an ounce before settling $25.10, or 1.8%, higher at $1,457.50 on the Comex market.<\/p>\n<p>According to <a href=\"https:\/\/www.marketwatch.com\/story\/gold-settles-at-a-more-than-6-year-high-up-nearly-3-for-the-week-2019-08-02\">MarketWatch<\/a> \u00a0quoting FactSet data that is the highest finish for the most-active contract since May 9, 2013.<\/p>\n<p>Ross Norman, CEO of Sharps Pixley, the top bullion broker in London, points out that the gold price in pound sterling hit an all time high on Friday of \u00a31,187.28, beating the previous record set on September 11, 2011:<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>[GBP] joins no less 72 other currencies including the Canadian Dollar, The Australian Dollar and perhaps most significantly, the Indian Rupee. <\/p>\n<\/blockquote>\n<blockquote class=\"wp-block-quote\">\n<p>In short, there has been a stealth bull run in gold and by simply watching the dollar gold price, some investors are missing out.\u00a0<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/08\/GOLD-HITS-record-high-in-73-currencies-1024x537.jpg\" alt=\"\" class=\"wp-image-998413\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/08\/GOLD-HITS-record-high-in-73-currencies-1024x537.jpg 1024w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/08\/GOLD-HITS-record-high-in-73-currencies-300x157.jpg 300w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/08\/GOLD-HITS-record-high-in-73-currencies-768x403.jpg 768w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/08\/GOLD-HITS-record-high-in-73-currencies.jpg 1096w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>As of 29 July 2019. Source: Bloomberg via Rob McEwen, CEO of McEwen Mining, investor presentation. <\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Including all-time peaks in pound sterling, Canadian, Australian dollar and a USD six-year high in New York on Friday.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1130531"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1130531"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1130531\/revisions"}],"predecessor-version":[{"id":1130536,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1130531\/revisions\/1130536"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1130531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1130531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1130531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}