Money & Investing
Many supporting factors, gold prices head towards third consecutive week of increase
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World gold prices maintained their upward momentum, heading for their third consecutive week of gains thanks to changes in US public debt management policies and the weakening USD.
World gold prices increased by nearly 4% in the week, extending the breakthrough streak
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World gold prices continue to rise, heading for their third consecutive week of increase thanks to the weakening USD and developments in the US bond market.
World gold price today, August 21: Strong breakthrough, approaching 4,600 USD/ounce
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World gold prices today, August 21, increased sharply in the afternoon session, bringing spot prices to 4,580.60 USD/ounce, while other precious metals also simultaneously broke through.
USD exchange rate today August 21st: New USD forecast
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USD exchange rate today August 21: The USD fell near its lowest level in many months due to US Treasury Department liquidity intervention, helping to ease the bond market and weaken the interest rate buffer.
Gold prices still have room to increase, experts assess it as an indispensable asset
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Gold prices are supported by rising US public debt, bond market intervention policies and central bank buying demand.
