Sentences with phrase «price per ounce rose»

Not exact matches

The price of gold is destined to rise to many thousands of dollars per ounce.

Precious and Industrial Metals Inflation concerns, geopolitical tensions and interest - rate levels, especially real yields, contributed to a 1.7 % rise in the spot price of gold (to US$ 1,325 per troy ounce), as did swings in the US dollar.1 Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projected.

It's unlikely that gold will ever reach $ 33,900 per ounce — or even $ 12,000, as investing expert James Turk calculates — but the fact that supply has not kept up with debt levels suggests that prices might very well rise.

Lease rates spiked to almost 10 per cent before settling around 2 — 3 per cent, and the price of gold rose to as high as US$ 340 per ounce, before falling back under US$ 300 per ounce.

The price of gold futures for December delivery rose $ 3.70 to settle at $ 1,294.70 per ounce after the president's shutdown comments.