Gold Prices Record Significant Rise, Leading to New Record Levels
The spot price of gold witnessed a tangible increase of approximately 1.9%, reaching the level of $4,420 per ounce, continuing its pursuit to strengthen the record levels it recently set.
This rise is primarily supported by disappointing economic data, which came in weaker than expected across various global economic centers, and coincides with increased bets regarding the possibility of interest rate cuts in the United States.
These developments come amidst intense market interaction and serious monitoring by traders worldwide, who are closely watching changes in the economic and political environment affecting the price of the world’s most famous precious metal.
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