Gold Prices Rise as Investors Seek Safe Haven

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Gold Prices Rise as Investors Seek Safe Haven

Gold prices rose on Monday as investors sought safe haven assets amid concerns about inflation and a potential recession. The price of gold for August delivery rose by $18.40, or 1.6%, to $1,840.80 an ounce on the Comex exchange in New York.

The rise in gold prices comes as investors are increasingly worried about the global economy. Inflation is at a 40-year high in the United States, and there are growing concerns that the Federal Reserve’s efforts to cool the economy could lead to a recession.

Gold is seen as a safe haven asset during times of economic uncertainty. As the dollar weakens, gold prices tend to rise, as investors seek out alternative assets that will hold their value.

Gold-Silver Price Today: गोल्ड-सिल्वर लगातार चौथे दिन हुआ महंगा, चांदी की  कीमत 74 हजार के पार - gold silver rates update july 14 sone chandi ke bhav  check latest rates on ibjarates

 

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