Gold prices rise: the ounce sets a new record

Gold prices continue to rise, and today, Friday, September 20, they reached a record high of $2,609.74 per ounce, two days after the US Federal Reserve lowered borrowing costs for the first time since the meltdown the Covid-19 (Corona) outbreak, noting that the Federal Reserve is allowing further cuts as reported by Agence France-Presse.

This increase follows a rise in gold prices yesterday, Thursday, as prices in spot transactions rose 0.9 percent, bringing the price of an ounce to $2,592.39 also rising 0.2 percent to $2,598.60 per ounce when settled.