Gold price reaches record level, tops $4,400 per ounce

Published:

Gold price reaches record level, tops $4,400 per ounce
Photo: Anders Wiklund/TT

The price of gold continues to rise to record levels. Gold now costs over $4,400 per ounce.

On Monday, the new record level was reached, and at 5:30 p.m., the price was $4,437 per ounce.

The background is increasing optimism that the US Federal Reserve (Fed) will continue to lower its key interest rate in the coming year.

At the same time, the dollar has weakened against the Swedish krona and is now trading around 9.23 kronor to the dollar. The lowest level for the year was recorded in September, when one dollar cost 9.22 kronor.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...