Gold price today increased again after many days of low prices
Updated
The current price of gold is trading relatively high and has reached the milestone of $1920 per ounce. At the end of this morning's trading session, gold saw an impressive 1% increase, which is the highest level in nearly two weeks. This can be attributed to the decrease in US bond yields and a surprising drop in the value of the dollar. Investors are eagerly awaiting signals regarding future interest rates from the Jackson Hole Symposium.
In addition, spot silver prices have seen a significant increase of 4.1%, reaching $24.34 per ounce, while platinum prices have also risen by 1.4% to $931.65 USD as a result of weak US PMI data being released. This has made gold more attractive for those holding other currencies and thus led to an increase in its value during this period.
In addition, spot silver prices have seen a significant increase of 4.1%, reaching $24.34 per ounce, while platinum prices have also risen by 1.4% to $931.65 USD as a result of weak US PMI data being released. This has made gold more attractive for those holding other currencies and thus led to an increase in its value during this period.
Note
“When the Fed stops tightening before inflation is under control, then I think gold will rise.”Note
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