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Source: Khaleej Times

The gold market rate continues to rise. Market forecast: The most expensive gold price record

Gold prices continue to rise as global rates surpass $2,100

Gold, the yellow metal, rose about $50 last week, driven by low U.S. manufacturing and construction costs.

The price of gold continued its upward trend at the opening of the Dubai markets on Tuesday, crossing $2,100.

"The precious metal could easily go above records," said Philip Stribel, chief market strategist at Blue Line Futures in Chicago.

Markets are currently pricing in a 71 percent chance of a rate cut in June, according to the CME Fed Watch Tool.

2024-03-05 12:47:16

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