Gold, platinum and silver smash records again
Spot gold rose as much as 1.2% to a peak above $4 530 an ounce, while platinum traded above $2 400 an ounce for the first time.
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Spot gold rose as much as 1.2% to a peak above $4 530 an ounce, while platinum traded above $2 400 an ounce for the first time.
While it pulled back in afternoon trade, it is still a record year for bullion.
The recent surge has come as the London market shows signs of tightening, with banks parking metal in the US to insure against the risk of tariffs.
IEA says global coal consumption is likely to plateau this year before edging lower by 2030, but stresses that China’s energy mix and policy choices could still shift the trajectory.
Gold was little changed at $4 327.33 an ounce as of 10:46 a.m. in London, up about 0.7% for the week.
China weaponised its chokehold on critical minerals earlier this year as its trade spat with the US ramped up.
Spot gold was up almost 1% at $3 580.06 an ounce as of 1:57 p.m. in London.
Copper was up 0.4% at $9 939.50 a ton on the London Metal Exchange as of 11:29 a.m. local time.
Bullion climbed as much as 0.6% before paring some gains to trade near $3 376 an ounce.