Gold Futures Touch Record as Haven Demand Builds, Contract Rolls

(Bloomberg) — Gold futures traded at a record high as the dollar plunged and concerns about the global economy boosted demand for havens, while a contract roll provided a further boost to the metal’s rally.Bullion’s move came as a gauge of the dollar fell to the lowest in more than six months amid negative real rates in the U.S. and bets that the Federal Reserve will keep policy accommodative when it meets this week. Inflows into gold-backed exchange traded funds this year have surpassed a record set in 2009, with total holdings at an all-time high of more than 3,300 …read more

Source:: Yahoo Finance

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