Gold prices rally 21.7% year-to-date

Gold prices have experienced a significant surge, gaining 21.7 per cent year-to-date. As of December 29th, the precious metal closed at 2062.8, marking a substantial increase from the previous Friday’s closing price of 2511.9.

Several factors have contributed to this price appreciation, such as economic uncertainty, inflation concerns, geopolitical tensions, and increased investor interest.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama