Gold surge could see price push past $US3000
William McInnesReporter
Gold rose past the $US2000 an ounce mark to a record high on Wednesday, as the destruction in Beirut became the latest event to punctuate a rally that some analysts say will take the precious metal to $US3000 an ounce in the next 18 months.
The price of gold shot to $US2031.14, supported by the mounting COVID-19 economic fallout, record monetary stimulus and a scramble for safety as 2750 tonnes of ammonium nitrate exploded in Beirut, reducing parts of the Lebanese capital to rubble.
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William McInnes covers markets from Sydney including editing the Markets Live blog. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au
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