#Gold_price on the last working day, Friday 23rd August, increased 28.90$ to 1526.96$ per ounce which is the highest level since 13th August. On August 13 gold price touched a new record and reached the highest level in last six years, developing to 1534.31$ per Ounce. The 2% increase of #gold on Friday 23rd August is related to Powell lecture as well as more tensions between #US and #China. #Powell declared that #US_economy is in a desirable position and should be kept in this level.
It is important to remember that gold increased 8% in previous month and 19% from the start of 2019. This is the fourth consecutive week that gold price has been increasing.