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Gold rises worldwide with 21-karat up 60 pounds
Gold prices have seen a significant rise both locally and globally, with the price of a 21-karat gram increasing by approximately 60 pounds to reach 5,960 pounds. The global ounce price has also risen to $4,114 due to the decline of the US dollar and a slowdown in US inflation. This increase comes after data indicated a reduction in inflationary pressures and a sluggish economic growth rate, with the Federal Reserve keeping interest rates unchanged. These factors confirm that the continued decline in inflation and the slowing growth reinforce the demand for gold as an investment haven, with expectations of prices continuing to rise amid uncertainty about future monetary policies.
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