Latest news and stories about commodities in Portugal for expats and residents.
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Carla Pedro, Markets co-ordinator at Negócios, explains that the start of this year 'was very good' in terms of demand for precious metals.
The price of gold has been on a roller coaster. After a dizzying surge that doubled the price within a year to a record above US$5,600 per ounce, the commodity then suffered its biggest drop in a decade. It is up 6% today. What lies behind this roller coaster ...
Gold surpasses US$5,100 and has doubled in value in a year and a half
The price of gold, driven by global instability and the depreciation of the US dollar, reached a new record high today, surpassing US$5,100 per ounce (€4,343) before markets opened.
Analysts attribute the yellow metal's rise to the latest threat by the President of the United States of America to impose tariffs.
