Gold has risen in price by about 7%

16:05 - 7.03.2024


March 7, Fineko/abc.az. Gold is rising in price on world markets amid forecasts that the U.S. Central Bank (Fed) will cut interest rates this year.

ABC.AZ reports that the sharp rise in gold prices continues and has broken the record again today.

Gold bars have increased by about 7% in the previous six sessions. Today, an ounce of gold costs $2,167.

Over the past year, gold has risen in price by more than 18%.