Gold prices have reached their highest level in seven months since the start of the new year. So what/who is behind this latest rally?
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Gold price remained calm on Tuesday as cautious traders focused on the speech of Federal Reserve Chairman Jerome Powell.
While the dollar is being suppressed by the moderate expectations regarding the Fed’s tightening policy, the gold price in global markets is on the rise.
Gold prices hit an eight-month high as a weakening dollar made the yellow metal cheaper for offshore buyers.
Gram gold is trading at historic highs. The activity in ounce gold and exchange rates reflects positively on gram gold. Experts see gold in portfolios…
The latest macro data from the US showed that the US economy and employment began to cool and pushed the gold price up.
As precious metals gain momentum towards the end of the year, investors expect gold and silver to perform well in the new year.
Gold prices rose 1.8 percent on Friday as US economic data bolstered expectations for a less hawkish Federal Reserve.
The gold price started the new year at a 6-month high. However, the yellow metal sees the $1,900 target slipping away.
Robert Kiyosaki, author of the bestselling book ‘Rich Dad Poor Dad’, predicts that gold and silver prices will hit record highs this year.