An employee holds one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Photographer: Chalinee Thirasupa/Bloomberg
GOLD prices rose on Monday to a record high for the seventh consecutive session, a move that analysts anticipate could be driven by strong demand from Asian central banks, despite traditional headwinds from a stronger U.S. dollar and elevated interest rates.
Spot gold was up 0.4% at $2,338.80 per ounce as of 1135 GMT, after hitting a record high of $2,353.79 earlier in the session. U.S. gold futures gained 0.6% to $2,358.40.
