Gold Finds Stability As Recession Fears Rise ...Middle East

OILPRICE - Economy
Gold Finds Stability As Recession Fears Rise
source : OILPRICE ( Middle East ) () 39
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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