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FILE - Gold bars are shown stacked in a vault at the United States Mint, on July 22, 2014, in West Point, N.Y. (AP Photo/Mike Groll, File)

The price of gold keeps climbing to unprecedented heights. Here's why

The rush for gold just keeps coming

By WYATTE GRANTHAM-PHILIPS
Published - Sep 25, 2024, 01:12 PM ET
Last Updated - Sep 25, 2024, 01:12 PM EDT

NEW YORK (AP) — The rush for gold just keeps coming.

Gold hit another all time high this week. Recent gains for the precious metal are largely credited to ongoing economic uncertainty, geopolitical tensions and strong demand from central banks around the world.

If trends continue, analysts have bullish outlooks on the price of gold for the months ahead. But the future is never promised. Here's what you need to know.

Where does the price of gold stand today?
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