August 4, 2020

Gold prices hit $2,000 an ounce for first time

New York (AFP) – Gold prices on Tuesday hit $2,000 an ounce for the first time, the latest surge in a commodity seen as a refuge during economic uncertainty.The precious metal hit the symbolically important benchmark near 1615 GMT before retreating somewhat then crossing the line again about 30 minutes later.¬†Gold prices have risen more than 30 percent this year as the coronavirus outbreak has weakened the economy and clouded the global financial outlook.Also weighing on investors were concerns over whether the United States will pass another spending measure to support the world’s largest eco…


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