Gold Prices Rise as Investors Seek Safe Haven


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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