Gold prices rise to historic highs
Gold prices rose to a new all-time high of $2734 per ounce in early trading on Monday, as geopolitical risks in the region continued.
This comes amid fears that there are expectations of a US interest rate cut next month.
Gold hit its previous high of $2712 per ounce at the close of Friday’s session, while it has risen 33.8 per cent since the beginning of this year, up from $2042 at the end of last year’s trading.
Spot gold prices rose 0.26 per cent, or $15, to $2734.1 per ounce, an all-time high.
Source: Yemen News Agency