The price of gold is surging into 'uncharted territory' as uncertainty and volatility reign on global markets. Australia's fifth most valuable export has been hitting new highs, surpassing $US2,200 an ounce in March 2024. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-03-27/auction-houses-sell-aboriginal-art-no-royalties/103542626
As the gold price has continued to climb, analysts have been scrambling to update their forecasts.
Speculation about when central banks, including the US Federal Reserve, will start cutting interest rates has driven much of the recent price growth, and with ongoing global instability with conflicts in Ukraine and the Middle East, demand for the precious metal is tipped to increase.
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As the gold price has continued to climb, analysts have been scrambling to update their forecasts.
Speculation about when central banks, including the US Federal Reserve, will start cutting interest rates has driven much of the recent price growth, and with ongoing global instability with conflicts in Ukraine and the Middle East, demand for the precious metal is tipped to increase.
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
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