{"id":113750,"title":"Gold broke the US$2,400 barrier on Friday.","publisher":"Share Talk","author":"sharetalk","published":"2024-04-12T16:20:48+00:00","modified":"2024-04-12T16:20:48+00:00","canonical_url":"https://www.share-talk.com/gold-broke-the-us2400-barrier-on-friday/","markdown_url":"https://www.share-talk.com/gold-broke-the-us2400-barrier-on-friday.md","json_url":"https://www.share-talk.com/gold-broke-the-us2400-barrier-on-friday.json","category":"Blogs","categories":["Blogs","Mining"],"tags":["Budget","Chancellor","geopolitical","global","Gold","investors","Jeremy Hunt","LBMA","silver","tensions"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/gold-4th-dec-23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"Gold surged past the US$2,400 mark on Friday, continuing its strong upward trend over several months and boosting mining stocks in the process.\n\nThe precious metal reached a daily high of US$2,417 per ounce before settling at US$2,414.\n\nThis represents a 20.5% increase over the past year, with gold prices having previously dipped to as low as US$1,190 in mid-February.\n\nSusannah Streeter, an analyst at Hargreaves Lansdown, noted that recent increases were driven by escalating tensions in the Middle East.\n\nThis rise was influenced by concerns about Iran’s potential involvement in the conflict between Israel and Hamas, along with market reactions to the potential for the U.S. to increase debt to further support Ukraine, according to Finalto.\n\nSilver also experienced significant gains, reaching a ten-year high of US$29.57 per ounce on Friday."}