Gold price hinges on recession risk, all-time high in sight
Lucy DeanWealth reporter
The cascading effect of COVID-19, turmoil in Europe and banking failures in the United States have supported the price of gold to $US2000 ($2992) an ounce, but it would take a hard landing to reset gold’s record high, the World Gold Council said.
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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
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