Economic Update
Gold prices have surpassed the $3,000 per ounce mark for the first time, driven by historical highs prompted by ongoing trade tensions and expectations of US interest rate cuts, enhancing its appeal as a safe-haven asset.
The immediate gold price rose by 0.4% to $3,000.87 per ounce, while US gold futures increased by 0.7%, reaching $3,013.60.
This precious metal has set 13 new records since the beginning of the year and is poised for gains for the second consecutive week.
For further updates, subscribe to our channel on Tilekram
