The price of gold rose on Tuesday for the first time, about 2000 dollars. The price for a Troy ounce (31.1 grams) reached 2000,58 Dollar a record. The price could not hold, but at this level, and was in the early evening in 1994 dollars traded. In midday trading, the fine had oz still around 25 dollars less cost.
the dealer pointed to growing speculation that the us government and the Congress could agree on a new economic stimulus package. This would provide even more liquidity to the markets and the demand for Gold drive.
"After Reaching a new record high in Gold as the mark of 2000 dollars expected to be well exceeded," said Hans-Günter Ritter, head of precious metals trading at Heraeus. "The Motivation to push liquidity into Gold, remains for investors is high. Support for this comes more from the environment with low or negative interest rates.“ He also pointed to Concerns about the economic consequences of the Corona-crisis.
Date Of Update: 04 August 2020, 21:19
