Price of Gold Hits Two-Month High

Despite mounting pressure from increasing U.S. treasury yields, gold continued its rally this week. This comes as investors try to work with the expectation that major central banks around the globe will keep low interest rates in the short term.

Gold futures in the United States rose by 0.5%, hitting $1825. 80/ounce in New York, while spot gold also carried on with its momentum from last week, rising by 0.4% to reach $1824.28/ounce. This is the highest price spot gold has occupied in two months…

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