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Gold Gains to Near Highest Since 2013 as Bulls ‘Back in Control’

Futures post highest close in nearly six years; funds pile in
Dovish central banks, geopolitical risks add to momentum

Video player cover image — Gold Has More Upside Than Downside, Macquarie WM Says

By

Ranjeetha Pakiam,

Rupert Rowling, and

Justina Vasquez

June 24, 2019, 4:35 AM UTCUpdated onJune 24, 2019, 7:08 PM UTC

The rally in gold is picking up fresh fuel from investors.

Two key data points on Friday suggest speculators are adding plenty of cash to the rally, which could drive prices even higher. Gold has now stormed past $1,400 an ounce, hitting the highest close since August 2013.