Why does gold price go up?

11:44 - 4.12.2023


December 4, Fineko/abc.az. The U.S. forecast on a reduction in the discount rate, as well as the attitude towards gold, has changed for the better. So, after the forecasts, the price of gold increased.

ABC.AZ reports that the continued price growth in the gold market has accelerated since the beginning of October due to lower rates on dollar and treasury bonds after statements by Fed chairman Jerome Powell on Friday. Powell then worked to raise the opposite question.

However, stock markets currently believe that there will be a decline of about 55% in March.

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