Gold prices on the rise

Sunday, 13 June 2021 - 15:15

Analysts point out that the price of gold in the world market is likely to increase in the next few months as the global inflation is higher than expected.

The gold prices are expected to rise with the increase in the global inflation.

At the end of the week, the price of an ounce of gold in the world market was US$ 1,876.87, marking the decline in the price during the week.

However, gold prices are expected to rise again as US annual inflation marks the highest level in 13 years.

Analysts expect the price of an ounce of gold to rise between US$ 1,950 and US$ 1,975 in the near future.

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