Price of gold hit record high this week. Here's why.
Price of gold hit record high this week. Here's why.
The rush for gold continues as economic uncertainty deepens and anxious investors seek a “safe haven” for their money.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article's claim that gold prices hit a record high is supported by multiple sources. The article exhibits a slight bias towards portraying gold as a safe haven investment during economic uncertainty, which is a common narrative but could be seen as promoting a particular investment strategy.
Detailed Analysis:
- Claim: Price of gold hit record high this week.
- Verification Source #1: Confirms that gold repeatedly hit new highs this week.
- Verification Source #2: Confirms gold prices hit record highs.
- Verification Source #3: Confirms gold prices are hitting record highs.
- Verification Source #4: Confirms gold prices hit record highs.
- Verification Source #5: Confirms gold prices rallied over the last week.
- Assessment: Supported
- Claim: Economic uncertainty deepens.
- Verification Source #2: Implied by the statement 'Here's what's driving the rush'
- Verification Source #4: Mentions U.S. government shutdown as a factor.
- Assessment: Supported
- Claim: Anxious investors seek a 'safe haven' for their money.
- Verification Source #5: Implied by analysts saying gold is safer.
- Assessment: Supported
Supporting Evidence/Contradictions:
- Source 1: 'The bullion repeatedly hit new highs this week'
- Source 4: 'Gold prices hit record highs amid U.S. government shutdown'
- Source 5: 'analysts say gold is safer'