Defend Truth

Gold price is getting dizzyingly high

Gold price is getting dizzyingly high

For the third day in a row, gold ruled the global markets on Thursday. It reached its highest-ever peak of $1,058 an ounce. Even as the gravity law feels suspended for a while in the golden universe, there is perhaps more space for dollar weakness-linked growth. Many experts, however, are starting to question the fundamentals of gold’s rise. It is well known that the gold price gets a usual bump in the final quarter of every year, thanks to the run-up to Christmas and the Indian festival of Diwali. This year’s price rise, however, is, at least partly, caused by the speculations of the future of the dollar as global currency. Of course, the question is how much? Whoever guesses the right answer, is in for a treat.

Gallery

Please peer review 3 community comments before your comment can be posted

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options

Become a Maverick Insider

This could have been a paywall

On another site this would have been a paywall. Maverick Insider keeps our content free for all.

Become an Insider
Daily Maverick Elections Toolbox

Download the Daily Maverick Elections Toolbox.

+ Your election day questions answered
+ What's different this election
+ Test yourself! Take the quiz