The price of gold neared an all-time high that has stood for almost nine years on Thursday, punctuating a furious rally driven by anxious investors seeking refuge from the coronavirus-induced economic slowdown. The most actively traded gold futures, for delivery next month, ended the day up 1.3% at $1,890 a troy ounce, after earlier rising as much as $1,897.70 and eclipsing their August 2011 closing record of $1,891.90. Prices have risen nearly 25% this year, extending an advance that began early in 2019. Their intraday record...

Source: Wall Street Journal July 23, 2020 15:33 UTC