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Daily news/Commodities
COMMODITIESAug 31, 2026 · 1 min read

Gold Hits Record High Above $2,400 on Safe-Haven Demand

By Bloomberg

Gold Hits Record High Above $2,400 on Safe-Haven Demand

Gold pushed to a fresh record high above $2,400 an ounce as renewed safe-haven demand and steady central-bank buying outweighed the drag from a firm dollar.

Analysts point to falling real yields and persistent geopolitical risk as the main supports. A sustained close above $2,400 would keep the next psychological target of $2,500 within reach, though a sharp rebound in yields remains the key risk.

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