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Record level/ The price of gold reaches over 2 thousand dollars

2023-12-04 18:32:00, Kosova & Bota CNA
Record level/ The price of gold reaches over 2 thousand dollars
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Gold prices hit another record high to start the week - with prices touching $2,100 an ounce as the global rush for gold or silver bullion looks set to continue.

Gold prices are on track to hit new highs next year and could remain above $2,000, analysts said, citing geopolitical uncertainty, a possible weaker U.S. dollar and possible rate cuts. of interest.

Prices of the yellow metal have risen for two consecutive months with the Israel-Hamas conflict boosting demand for the safe-haven asset, while expectations of interest rate cuts have provided further support. Gold tends to perform well during periods of economic and geopolitical uncertainty because of its status as a reliable store of value./ CNA

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