In Money Matters

Physical and ‘digital’ gold spiked on weaker dollar expectations

4th December 2023 Charles Sizemore Protection Status

The price of gold reached an unprecedented peak, hitting $2,335 per troy ounce (31.1 grams) due to the weakening dollar. However, later in the day, it dipped below the $2,100 mark. This still broke the previous record set in August 2020 at $2,075, driven partly by uncertainties surrounding the coronavirus.

Gold prices have been on the rise for weeks, particularly …

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by Charles Sizemore