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Gold is touching its highest level since March 2022
Gold price continues to rise and surpasses the $2,000 level per ounce in the global markets, thanks to the decline of the dollar and US yields, and the weakness of US economic data that increase the expectations of a near Fed pause in raising interest rates. Gold price is also supported by the demand for safe havens amid fears of inflation linked to rising oil prices. Gold price reached its highest level since March 2022 on Wednesday, and fluctuates in a narrow range ahead of important data from the United States, such as the ADP report on private sector employment and the ISM services index.
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