At the beginning of this month, the gold price was still at its lowest level in seven months, when the price was approximately 1,832 dollars (1,745 euros). This was due to the stronger dollar and rising yields on US government bonds. For example, a stronger dollar makes gold more expensive for traders with other currencies. After Hamas attacked Israel on Saturday, the gold price changed course.
The record level of the gold price was in August 2020, when gold was worth more than 2,075 dollars (1,976 euros).
Other metals, such as silver and platinum, are also rising in price.
2023-10-13 15:35:15
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