Gold Surged to Around $2,580 Per Ounce on Friday: Higher Commodity Prices a New Record High While Dollar is Weaker and Yields on Bonds are Decreasing
Gold prices surged to an average of $2,580/ounce on Friday; the highest level as more investors seek a hedge on the back of a soft dollar and falling bond yields. The sharp rise in gold prices can be attributed to the actions of parties in world markets where they are looking for safe-haven instruments and...
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