Dubai – Masaader News
The price of the gold topped $1,400 an ounce Friday. That’s the highest level since September 2013, according to CNN Business.
The price of gold is now up nearly 10% this year. Gold has gained momentum thanks to expectations of a rate cut by the Federal Reserve as soon as next month.
The continued drama surrounding trade talks between the United States and China is helping push gold higher too.
Unless US President Donald Trump and Chinese President Xi Jinping come to a deal at next week’s G20 meeting in Osaka, Japan, gold prices could keep climbing — especially since the market doesn’t expect the Fed to do anything that would push the dollar higher.