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Gold is back above $2,000 an ounce

2023-04-05T16:56:01.805Z


Gold is flying again as markets are nervous due to uncertainty about central bank decisions on rate hikes to counter out-of-control inflation. (HANDLE)


(ANSA) - ROME, 05 APR - Gold is flying again while the markets are nervous due to the uncertainty about the decisions of central banks on rate hikes to counter out-of-control inflation.

In this context, investors choose safe-haven assets par excellence to protect their assets.


    The gold rally, which had already begun in recent weeks with tensions in the banking sector, brought prices to a maximum for the day of 2,031 dollars an ounce (+0.4%), exceeding the maximum recorded in August 2020. A signal, according to analysts, which demonstrates how traders are evaluating "the trend in interest rates, especially those in the United States".

Among the metal prices, the rise of silver also stands out, reaching 24.91 dollars an ounce, after having reached a maximum of 25.13 dollars.

(HANDLE).


Source: ansa

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