Gold prices hit new records
20:41
Gold prices reached a record level again on Friday, driven by U.S. labor market data that bolstered expectations for rapid interest rate cuts by the Federal Reserve, as Reuters reported.
The spot market price of gold rose by 0.5 percent during Friday's session to $2,170.55 per ounce. U.S. gold futures gained 0.9 percent, reaching $2,185.50.
Gold prices reached a historic peak of $2,185.19 after the publication of a report showing an increase in the U.S. unemployment rate and a slowdown in wage growth, despite accelerated employment in February.
