Coronary heart disease and the low dollar index are among the reasons for the rise in world gold prices
Analysts say concerns about the coronavirus in the United States and sustained economic weakness have led people to turn to safe-haven assets such as gold, and gold is facing increasing buying demand amid economic and political uncertainties .
Reuters believes; Another factor that supported the rise in gold prices was the dollar index, which was close to its lowest level in a recent week.
Gold for immediate delivery rose 0.1 percent to $ 1,768.50 an ounce in Singapore today, according to the Gold Cafe . The metal had climbed to $ 1773 in early Asian trading, the highest price since October 2020.
According to Reuters, another factor that supported the growth of gold prices was the dollar index, which was close to its lowest level in a recent week.
Corona virus and rising gold in economic and political ambiguities
The world's central banks have implemented extensive fiscal stimulus measures and kept interest rates low, which has helped push gold prices up more than 16 percent this year. Gold faces rising buying demand amid economic and political uncertainties.
US Treasury Secretary Steven Manuchehr has said he intends to take further stimulus measures to get people back to work as soon as possible, and he intends to delay the deadline for filing tax returns as much as possible.
Several U.S. states have reported an increase in coronary heart disease and deaths, and the number of Latin American casualties exceeded 100,000 on Tuesday.
The European Union (EU) is preparing to ban travelers from the United States in response to rising coronavirus infections, placing the United States among infected countries such as Brazil and Russia, the New York Times reported.
The price of world gold has climbed to its highest level in the last 8 years
In other precious metals markets, an ounce of Pd for immediate delivery rose 0.1 percent to $ 1,925.31 an ounce. Platinum for immediate delivery fell 0.5 percent to $ 825 an ounce. Silver for immediate delivery fell 0.5 percent to $ 17.87 an ounce.
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