Precious Metals
Price of Gold Rises Near All-Time High
The price of gold rose to a six-month high on Monday, buoyed by growing conviction among investors that the US Federal Reserve has finished raising interest rates, and a weaker dollar. Spot gold prices rose 0.6 per cent to $2,014.55 per troy ounce, the highest level since mid-May. The move took the precious metal’s gains since hitting a seven-month low at the start of October to just over 10 percent, and left it around 3 percent below its all-time high reached in August 2020. It later fell back to trade at around $2,010.