Gold +2.3% for Week in Euros as Paris Stock Market Sinks, Commodities Volatile

Опубликовано: 21 Октябрь 2024
на канале: BullionVault

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Gold Price News By Adrian Ash – Friday 14th June 2024

The PRICE of GOLD rebounded again in China and London trading on Friday, showing a small increase from last weekend's 1-month low as commodity prices stayed volatile on mixed forecasts for future demand and Western stock markets fell hard amid the deepening political turmoil in France.

After calling snap elections in France following his party's big losses in last weekend's European Parliament ballot, President Emmanuel Macron today joined other G7 rich-world leaders in Fasano, southern Italy to agree $50 billion of loans for Ukraine, funded by the interest paid on Russian investments frozen by sanctions over its continued invasion of its western neighbor – widely seen as a key factor in the wider surge of central-bank gold buying and holdings.

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