The Golden Prize rose again to a record high on Thursday. In the afternoon, 2792.42 US dollars were paid at the fair in London. It’s more than ever.
Also calculated in euros, the gold price reached a record high at 2677 euros per ounce. The golden prize has risen since mid -December. During this time the precious metal has become around eight percent more expensive. A price director is the fear of investors before the consequences of the customs policy of the new US government.
The most recent increase also explains observers with weaker American economy data with weaker than expected. At the end of last year, the largest economy in the world had lost driving. The US dollar also came under pressure, which strengthened the question.
Plus when asked
“Lower interest rates usually benefit from gold because it does not throw market rates,” said raw material expert Ole Hansen of the Danish Saxo Bank. Market turbulence in shares in large technology groups also strengthened the demand for systems, because they would be considered safe, was said by market observation.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
