Gold and silver reach fresh highs for second day running
David Neuhauser, CIO at Livermore Partners, told CNBC's "Access Middle East" that gold has more room to run.
TL;DR
- Gold futures for February delivery rose to $4,505.70 per ounce.
- Spot gold reached $4,491.68 per ounce.
- Silver futures for March advanced to $71.71 per ounce.
- Spot silver traded at $71.22 per ounce, crossing the $70 mark for the first time.
- The rally is driven by fears of an AI bubble and uncertainty over the next Federal Reserve chair.
- Gold is considered a safe-haven asset during economic or geopolitical uncertainty.
- David Neuhauser predicts gold could reach $6,000 per ounce.
- Rising global debt is a factor in the increased demand for metals as a hedge against debasement.