The price of gold rose again in the international market. The price of the precious asset rose to an all-time high on Friday. This information was revealed in a CNBC report.
According to the report, the US will release the jobs data in the latter part of the business day. It has been previously reported that the country’s central bank, the Federal Reserve (Fed), will cut interest rates next June. As a result, the bullion market has become stronger.
Global benchmark gold prices rose 0.4 percent to touch a record high in the spot market. The price settled at $2168 28 cents per ounce. Which was around $2171 at the start of the day.
US benchmark gold rose 0.5 percent on the same day in the futures market. The price settled at $2,175 50 cents an ounce. Which is the most in history so far. In other words, the price of gold has never been seen so much by the people of the world
