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October 2024

Gold price hits new record high

ISTANBUL: The price of gold reached a new record high on Wednesday, with an ounce trading close to $2,790 amid uncertainties surrounding the upcoming US elections on Nov. 5.

On Tuesday, gold hit a previous record of $2,771.73 per ounce, and it was tr…

Gold demand worldwide rises to record high of over $100B in Q3

ISTANBUL: Global gold demand rose 5% on an annual basis in the third quarter of the year to a little over 1,300 tons, coming at over $100 billion for the first time, the World Gold Council said on Wednesday.

While global demand this quarter saw a rec…