The catastrophic explosion that ripped through Beirut may have helped push gold to a fresh record-high, analysts say

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• The devastating explosion in Beirut Tuesday likely helped gold prices jump above $2,000, two analysts said on Wednesday.
• The enormous explosion in the Lebanese capital "probably added to the shine of gold above $2020," Japanese bank Mizuho said in a note, as cited by CNBC.
• That view was backed up by another analyst, who linked gold's rise to a jump in oil prices after the blast.
• The explosion in Beirut killed over 100 people and injured thousands, authorities said.
• Visit Business Insider's homepage for more stories.

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The price of gold has soared to a record high amid a fumbling global economy and the weakening of the US dollar.

A massive explosion that shook the Lebanese capital of Beirut, that killed around 100 people and wounded thousands, "probably added to the shine of gold above $2020," Japanese bank Mizuho said in a note seen by CNBC. 

See the rest of the story at Business Insider

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