Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Investing

Gold Price Hits New Record, Breaking US$2,950 for First Time

by admin February 21, 2025
February 21, 2025
Gold Price Hits New Record, Breaking US$2,950 for First Time

The gold price reached yet another record high on Thursday (February 20), breaking US$2,950 per ounce.

The yellow metal rose as high as US$2,954.72 before pulling back to the US$2,935 level, pushed upward by ever-increasing global turmoil, including tariff talks and ongoing tensions between Russia and Ukraine.

Gold price chart, February 13 to 20, 2025.

Gold has also made headlines this week on the back of calls for an audit of Fort Knox.

The Kansas-based army installation reportedly holds 4,580 metric tons of gold, but despite ongoing requests has not been fully audited since 1953. Tech billionaire Elon Musk has suggested that the newly established US Department of Government Efficiency, better known as DOGE, should take on the task.

Long-term factors supporting gold include strong central bank demand and buying from eastern investors.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
New Purpose ETFs Give Canadian Investors Access to Leading Tech Stocks
next post
Radisson Mining Resources

Related Posts

5 Top Canadian Silver Stocks of 2025

February 14, 2025

Uranium Energy’s Sweetwater Project Fast-Tracked Under Trump Initiative

August 7, 2025

Triumph Gold

July 10, 2025

Strong Start to Maiden Drill Program at Oasis

August 27, 2025

Trump’s Copper Tariffs: Market Impact and How to...

August 27, 2025

Top 9 Nickel-producing Countries

June 5, 2025

Silver Crown Confirms Receipt of Royalty Payments and...

March 21, 2025

New Rare Earths Venture to Target High-grade Assets...

August 21, 2025

Triumph Gold Announces the Acquisition of the Coyote...

June 4, 2025

Murchison South Increases to 67koz Gold Across Two...

May 13, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      September 18, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      September 18, 2025
    • Green Technology Metals: Delivering the Next Lithium Hub in North America

      September 18, 2025
    • Canada’s Place in Global Mining: Why it’s a Top Jurisdiction for Investors and Companies

      September 18, 2025
    • New Research on Deep-Sea Mineral Sources Reveals Ecological Importance

      September 18, 2025
    • Silver47 Exploration – OTC Markets Request

      September 18, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved