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Gold Price Reaches 1 Year High with $1,281 per Oz

Posted on 08 March 2016

The gold price continued its 2016 rally and hit a 52-high of $1,281 a troy ounce this month. The new high was recorded on Friday as investors lowered expectations on how fast and how far the Federal Reserve might hike interest rates this year following U.S. employment data that indicated strong jobs growth, but low wages.
Gold for April delivery on the Comex division of the New York Mercantile Exchange settled reached $1,280.7 a troy ounce before finishing at $1,270.70 a troy ounce on Friday………………………………………..Full Article: Source


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