The gold price rose to $2,025.49 per ounce on Wednesday afternoon, the highest level since March 2022. Chakrapan Natanri
Gold prices hit a 13-month high, touching US$2,031 per ounce as weak US economic data spurred demand for the safe-haven asset amid a weakening dollar, according to analysts.
Spot gold rose to $2,025.49 per ounce, the highest since March 2022, on Wednesday afternoon as US gold futures firmed at $2,042.
Spot gold is now trading at less than $50 from a record high of $2,072.90 an ounce, reached during the height of the pandemic.
Data on Tuesday showed orders for US manufactured goods fell more than expected in February, while job openings also declined to nearly a two-year low of 1.7 per person, down from 1.9 in…
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