These last weeks have seen interest rates, inflation, rising oil prices and rising gold prices all become the topic of conversation in the financial world. For the first 12 months, gold prices surpassed the $2,000 mark.
Will gold prices keep rising? What forecasts do analysts make? This blog aims to give you some valuable insights and help you have a better overview of what’s going on with the prices of this precious metal.
As it happened, gold leapt above the $2,000 mark
The year began with gold trading at $1.854 an ounce. It quickly gained ground, starting February at 1,950. However, February wasn’t a positive month for gold prices as they dipped to $1,810 per ounce on February 24th. After the first ten days of March, the precious metal’s prices rallied on the back of global market uncertainty and bank sector turmoil in the US and Europe.
It is not the first time gold prices have soared above $2,000 an ounce. The last time gold prices surpassed this specific mark was On August 7,Th 2020, They hit when they were Continue reading…