Global gold prices have exceeded the USD 5,500-per-ounce mark for the first time in history, reflecting rising uncertainty in international financial markets.
In early trading yesterday, gold was priced at USD 5,579 per ounce. This represents a sharp increase from the previous day, when gold traded at USD 5,164 per ounce, showing significant gains within just 24 hours.
Foreign market analysts attribute the sustained rise in gold prices to ongoing uncertainty surrounding the US dollar. As a result, investors and central banks worldwide have been increasing gold purchases and building reserves, which has continued to drive global prices higher.
