15:42 - 10.05.2024

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May 10, Fineko/abc.az. The price of gold has risen to maximum in the last 3 weeks.

The increase in gold prices occurred after the release of economic data in the United States, ABC.AZ reports with reference to the foreign press.

So, after the news that the U.S. Federal Reserve System (FRS) expects interest rates to decrease, the price of gold rose. After that, an ounce of gold rose 0.9% on the last trading day of the week to $2,368.

Although gold prices have stabilized after a record high in mid-April, they have increased by 14% this year.