Why Gold Prices Are Hitting All-Time Highs – The Wall Street Journal

Gold prices hit a record at the end of last week, notching a new milestone in a bull run that began in late 2018 and has gathered momentum during the coronavirus pandemic. The precious metal has soared roughly 30% in 2020 to stop just short of closing at $2,000 a troy ounceβ€”which would be an all-time high in New York tradingβ€”as it outstrips the Nasdaq Composite Index of highflying technology stocks.

Here is how the gold market works, and why prices are on the rise now.

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