Gold hits record highs
A report on the rise of gold prices to their highest levels in over three months, surpassing $4,640 per ounce, supported by the decline of the US dollar and the US Treasury Department's intervention in the bond market. This increase came after the department announced an expansion of its long-term government debt buyback operations, raising concerns about a devaluation of the dollar and increased capital flows into precious metals. The market also experienced fluctuations as investors awaited the US Federal Reserve's decisions on interest rates, with gold prices making multiple gains driven by global economic and political tensions, as well as a decline in oil prices following the cancellation of a US attack on Iran.
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