The trend of increasing investment in gold continues!
Posted on: 06/Aug/2020 11:17:42 AM
As the interest rates on loan bonds in the USA has been reduced and also the depreciation of the US $ in the international market, the investment in gold continues rising! As such, the price of gold has been increasing and has touched new peaks.
As an unsteady economic status prevails throughout the world due to the spread of the raging coronavirus pandemic affecting the normal working life, leading to economic crises across the world, the investors have preferred investing in gold.
As a result, the price of the yellow precious metal has gone up by more than 30% in the current financial year alone!
The price of gold per ounce (equivalent to 31 grams) has gone up to the US $ 2044. With the trend of the depreciating US $, the investors have turned their attention to gold. In this scenario, a demand has arisen that more liberal financial assistance is required to bolster the sagging US Economy!
