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December 6, 2022

Gold, a new record price

Gold hit a record high above USD 1,620 an ounce on Monday, while the dollar steadied and stock futures fell as investors piled into bullion over fears of a possible US debt default as the debt ceiling talks in Washington stalled, moneycontrol.com informs. Spot gold, which has risen nearly 14 per cent so far this year, climbed more than one per cent to a record of USD 1,622.49 an ounce, before easing to USD 1,614.06 by 0054 GMT. US gold also hit a record at USD 1,624.30. It was last quoted at USD 1,614.80.

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