Global gold price hits all-time high on August 20th

Updated 8/20/2024 2:30:00 PM
Global gold price hits all-time high on August 20th

Arab Finance: Global gold prices hit a record high on August 20th by $17, hitting $2,523 per ounce, as per a report by iSagha.

This surpasses the previous record of $2,508 per ounce on August 16th.

The price of gold has reached a new peak due to growing expectations of interest rate cuts by the Federal Reserve, prompting investors to purchase more of the precious metal.

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