Gold shines brightly and sets new records. Why did gold rise 16% in a month?
The precious metal has posted a meteoric rise, fueled by a flight to safety as markets sift through a mosaic of economic data.
Basic moments:
Gold hit a new all-time high of $2,353.
Markets are digesting a barrage of economic data.
Traders are running to the safety of the yellow asset.
Gold prices rose sharply on Friday and remained in strong demand early Monday after investors reacted to the latest US data. The job market is still hot, as March nonfarm payroll data showed, with 303,000 new workers joining the world's largest economy. Gold gained more than 2.6% on Friday and hit...