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Gold Finds Stability As Recession Fears Rise ...Middle East
Gold markets have stabilized following three weeks of decline, recording an uptick of 0.36 percent despite upcoming interest rate hikes being priced into the market. Prices have risen to $1,931 per tonne, up from $1,925 yesterday – with markets increasingly influenced by reactions to increasingly volatile geopolitical events. While the current price is more than $100 below the peak recorded in last month’s rally – when prices spiked at $2,057 per tonne – it is significantly above last week’s nadir of $1,907. Carlo…
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