Global gold prices could hit US$1,875 per ounce in the near term as the war in the Middle East shows no signs of ending soon, according to the Gold Traders Association (GTA).
GTA president Jitti Tangsithpakdi said gold prices have shot up by $20-30 per ounce since the war between Israel and Hamas militants broke out over the weekend.
The price of gold was at a one-week high of $1,860 on Wednesday morning and rose to briefly to $1,870 in the…
