NewsBite

Gold price hinges on recession risk, all-time high in sight

Lucy Dean
Lucy DeanWealth reporter

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

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.

.

Gold was weaker on Thursday.  Chris Ratcliffe/Bloomberg

Loading...
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

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Commodities

Fetching latest articles

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/commodities/gold-price-hinges-on-recession-risk-all-time-high-in-sight-20230705-p5dlxu