Gold Goes Boom! Uranium Rockets Past US$80 for First Time in a Decade and a Half

The global nuclear market has seen an unprecedented surge in prices over the past week as demand for precious minerals grows. On Thursday, gold broke the US$2,000 mark for the first time in history, while uranium prices closed above US$80 for the first time since 2005. The record-breaking price for gold was largely driven by the new highs on the Comex market, with the benchmark gold futures contract traded on the Comex exchange closing at US$2,065.80 per troy ounce on Thursday. This marked the first time that gold had closed above the US$2,000 mark since trading began. An increasing number of investors have started turning to gold and precious metals as safe-haven investments amid the ongoing economic uncertainty brought on by the pandemic. This has led to an increase in demand for gold, pushing prices up. Uranium prices have also been on the rise, with the benchmark uranium spot price closing at US$81.50 per pound on Thursday, the highest level since 2005. The rising uranium prices have been driven largely by increased demand from China and other countries looking to secure their long-term energy supplies. The booming prices of precious metals and uranium are part of a larger trend seen in the global market, as investors increasingly hedge their bets against economic uncertainty. As the world continues to grapple with the pandemic, it is important for investors to stay informed of the latest trends in the market and assess the potential risks and rewards of investing in precious metals and uranium. The global nuclear market has seen an unprecedented surge in prices over the past week as demand for precious minerals grows. On Thursday, gold broke the US$2,000 mark for the first time in history, while uranium prices closed above US$80 for the first time since 2005. The record-breaking price for gold was largely driven by the new highs on the Comex market, with the benchmark gold futures contract traded on the Comex exchange closing at US$2,065.80 per troy ounce on Thursday. This marked the first time that gold had closed above the US$2,000 mark since trading began. An increasing number of investors have started turning to gold and precious metals as safe-haven investments amid the ongoing economic uncertainty brought on by the pandemic. This has led to an increase in demand for gold, pushing prices up. Uranium prices have also been on the rise, with the benchmark uranium spot price closing at US$81.50 per pound on Thursday, the highest level since 2005. The rising uranium prices have been driven largely by increased demand from China and other countries looking to secure their long-term energy supplies. The booming prices of precious metals and uranium are part of a larger trend seen in the global market, as investors increasingly hedge their bets against economic uncertainty. As the world continues to grapple with the pandemic, it is important for investors to stay informed of the latest trends in the market and assess the potential risks and rewards of investing in precious metals and uranium.