Gold soars above $2,750 ahead of BRICS summit, hits new all-time high
Gold hits new all-time high.
Prices soared to $2,755 an ounce.
A mosaic of factors underlying a strong pump.
Gold futures rose 0.8% to a fresh record high of $2,755 as BRICS nations prepare for de-dollarization talks. Leaders attending the summit, which begins Tuesday, will include China’s Xi Jinping and India’s Narendra Modi, as well as several emerging economies. Russia’s Putin has been pushing for a new global financial payments system to ease America’s dominance over the world’s foreign exchange reserves, analysts at SP Angel said in a note. The move follows sanctions imposed on...