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The gold price continued its record hunt on Friday. The price for an ounce (31.1 grams) of gold rose above $2,400 on Friday. Gold is considered a safe haven for investors in uncertain times, such as the current tensions in the Middle East where Iran is threatening a retaliatory attack against Israel.
Source: BELGA
Today at 2:43 PM
The price of the precious metal climbed to $2,400.67 in London on Friday. According to traders, central banks, such as the Chinese, are currently buying more gold. Tensions in the Middle East and Ukraine also support the price, as do possible interest rate cuts that the US central bank, the Federal Reserve, is expected to implement this year.
In the wake of gold, the price of silver also rose, to more than $29.2 per ounce. That is the highest level since February 2021.
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2024-04-12 12:43:50
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