The current price of gold is $1936 per ounce, and it has remained relatively stable at this level. The global market experienced a surge when consumer confidence indicators in the US for August showed a significant decline. With interest rates still high and consumer confidence weakening, this has supported a strong increase in the price of gold.
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Good luck and many big wins
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In other precious metals markets, silver prices rose 1.9% to $24.71 per ounce. Platinum prices rose 1.5% to $978.45, the highest level in a month.
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The precious metal will continue to establish itself as a global store of value, attracting a new generation of investors who have experienced unprecedented volatility.
