Gold tapped a high of $2,060 per ounce as the Russia-Ukraine war and global commodities surge has fueled demand. Economics Markets
Price of gold at 11:37 a.m. on March 8, 2022.
Of course, after gold tapped fresh new highs, the gold bug and economist took to Twitter to praise the shiny yellow metal over bitcoin’s current performance. “Gold is up over $50 per ounce this morning, above $2,050 for the first time ever,” Schiffon Tuesday. “Meanwhile CNBC hasn’t even mentioned the record-high. Instead, the network is covering the irrelevant rise in bitcoin, which is still trading well below $39,000 and on the verge of a major crash,” the economist added.
As the price of precious metals soar, Asian, European, and U.S. equity markets have been floundering since Monday’s trading sessions. Nasdaq, the Dow, NYSE, and S&P 500 are all down in value at the time of writing. CNBC’s Wall Street