The rise reflects the caution of investors awaiting August’s release of the U.S. Consumer Price Index. This report could significantly impact the Federal Reserve's decisions.
An adjustment in interest rates could push the metal's price towards $2,600 per ounce before the end of the year, reinforcing gold's appeal as a safe haven.
Gold has appreciated by 22%, reaching a historic high of $2,531 per ounce in August. This growth solidifies gold's reputation in economic instability.
The upcoming Federal Reserve decision will be key in determining the direction of gold prices, as investors remain attentive to changes in monetary policy.
Collection
[
|
...
]