The world price of gold today, August 29; $2,502 and 44 cents per ounce
The price of gold per ounce decreased by 0.22% to $2,502 and 44 cents today.
reported by Mehr Reporter, the price of gold rose to $2,505 in the first hour of trading on Monday amid hopes that the US Federal Reserve will cut interest rates in September. Traders are awaiting Federal Reserve Chairman Jerome Powell’s speech this week for more clues on the timing of the move.
Accordingly, the price of each ounce of gold today decreased by 0.22% to $2,502 and 44 cents. The price of gold futures on the Comex market of New York has reached $2,543 with an increase of 0.20%.
Among other precious metals, silver rose 0.70 percent to $29.47 and platinum traded up 0.10 percent to $958.17.
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