Gold has risen to over $4 500 per ounce today, rising by 6%.
Monday morning, markets opened with gold trading at $4 509 an ounce.
Last week, at the close of the markets on Christmas eve, gold was trading at $4 486.
Makwe Masilela from Makwe Fund Managers says gold has risen significantly this year driven by geopolitical uncertainty, expected interest rate cuts in the U.S and ongoing de-dollarisation.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
Monday morning, markets opened with gold trading at $4 509 an ounce.
Last week, at the close of the markets on Christmas eve, gold was trading at $4 486.
Makwe Masilela from Makwe Fund Managers says gold has risen significantly this year driven by geopolitical uncertainty, expected interest rate cuts in the U.S and ongoing de-dollarisation.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
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- SABC News, actuality, world news
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