Reported about 2 months ago
Gold prices reached a new record of $2,531.75 per ounce, with a year-to-date increase of over 22%, as traders anticipate insights from Federal Reserve Chair Jerome Powell's upcoming address at the Jackson Hole symposium. Despite some gains being pared back, analysts suggest that upcoming interest rate cuts and strong central bank purchases will keep gold's momentum strong, although demand may be affected by declining imports in China.
Source: YAHOO