Gold News: 9 April 2021
Gold Price: $1,744.44. News: Is gold gearing up for a major breakout? Why the yellow metal could fly in 2021, Hungary tripled gold reserves, and more gold news.
Gold and gold-backed cryptocurrency news for the week ending 9 April 2021.
Gold Price (USD/OZ)
9 April 2021: $1,744.44 [View live gold price.]
Change from last week: $13.85 (0.80%)
View the complete archive of gold price forecasts.
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“After suffering its biggest quarterly loss since 2016, gold stands as one of the few commodities trading lower this year. But prices still have room to run higher even if the global economy continues to recover and the pandemic moves closer to an end.”
“Hungary tripled its gold reserves in one of the biggest purchases by a central bank in decades -- the latest sign of governments turning to the precious metal as a safeguard of value.”
“It was an unusual sight for Narasimha, owner of a plot Pembarthi village in Jangaon district of Telangana as he stumbled upon gold ornaments weighing 189.820 gm and silver ornaments weighing 1.727 kg while ploughing his land.”
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