Gold Hits Record High Above $2,400
By Allen Krewzz
What Actually Pushes Gold to New Highs
Safe-Haven Demand
Central Bank Buying
Currency Effects
These three drivers can reinforce each other. A period of geopolitical stress, for example, can simultaneously boost safe-haven demand, encourage central banks to keep diversifying reserves, and weigh on a currency — all pushing gold in the same direction at once.
