Gold prices in the US market rose on Monday to their highest level in a year agaisnt the backdrop of a sharp drop in US Treasury bonds, according to the Washington Post. Gold prices rose by more than 1.0 per cent to US$2009.75 an ounce, the highest since March 2022 from the opening level of transactions at US$1989.12 and recorded the lowest level at US$1968.06 an ounce. Last week, gold achieved the largest weekly gain in three years, which is attributed to the widespread demand for it as a safe haven due to fears in global financial markets about the crisis of the global banking system.
Source: Jordan News Agency