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Gold prices reach new peak at $2,560

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Gold prices reach new peak at $2,560

On Friday, the price of gold rose above $2,560 an ounce, hitting a new all-time high amid a weaker U.S. dollar and lower yields on government bonds.

Axar.az reports that "Trading Economics" published information about this.

It is reported that world central banks are increasing investments in gold and reducing US dollar reserves.

"The US multi-trillion dollar federal budget deficit causes inflation and devalues ​​our currency," said expert Michael Armbruster
Date
2024.09.14 / 09:34
Author
Axar.az
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