Gold Prices Soared to New Record

This Is Beirut 2023-12-04 12:51 - Reading : 1 minute(s)

Covid-19

The price of gold broke its all-time high on Monday, reaching more than $2,100 per ounce (31.1 g), as traders bet on a cut in interest rates from the US Federal Reserve (FED) next year, following statements by FED boss Jerome Powell, who announced on Friday that rates are "well into restrictive territory," fanning hopes that the bank could begin ...

The Price of Gold: How High Will It Soar?

Liliane Mokbel 2023-12-03 16:23 - Reading : 3 minute(s)

The price of gold has reached multiple peaks in the final week of November 2023. Gold held steady with its weekly gains, closing the week at $2,053.30 per ounce on December 1, 2023, not far from its all-time high of $2,075.47 in August 2020. As a reminder, one ounce is equivalent to 31.10 grams. Gold prices rose amid increasing concerns about a ...