The value of gold hit a six-and-a-half-year high at $1 546/oz at the start of September, driven by investor sentiment and macroeconomic factors, says financial markets data provider Refinitiv in its latest ‘GFMS Gold Survey’.
Over the third quarter of the year, gold recorded a “spectacular” performance, with its dollar value appreciating by 12%, compared with the prior quarter, and was valued at 22% more year-on-year, at an average of $1 472/oz.