{"id":1058490,"date":"2022-04-17T10:46:12","date_gmt":"2022-04-17T10:46:12","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/04\/17\/gold-price-rises-above-2000-for-first-time\/"},"modified":"2022-04-17T10:46:12","modified_gmt":"2022-04-17T10:46:12","slug":"gold-price-rises-above-2000-for-first-time","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/04\/17\/gold-price-rises-above-2000-for-first-time\/","title":{"rendered":"Gold price rises above $2,000 for first time"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"413\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/04\/image-44-696x413.png\"   alt=\"Gold Bars\" title=\"File photo: Gold Bars\"\/><figcaption class=\"wp-caption-text\">File photo: Gold Bars<\/figcaption><\/figure>\n<\/div>\n<p>Gold has topped $2,000 (\u00a31,527) an ounce for the first time as traders look for havens amid the pandemic.<\/p>\n<p>Investors have moved cash into the precious metal as Covid-19 cases rise in the United States (US) and more money is pumped into the global economy.<\/p>\n<p>The record high gold price has also been driven by concerns over tensions between Washington and Beijing.<\/p>\n<p>Prices of other precious metals, including silver, have also risen sharply since the start of this year.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>The price of gold has increased by more than 30% this year as coronavirus cases continue to rise in America, causing dozens of states to halt or reverse their plans to reopen.<\/p>\n<p>The rapid rise in cases, which has dented hopes of a swift US economic recovery, has also helped to drive up the price of silver by around a third this year.<\/p>\n<p><strong>MORE: <\/strong><\/p>\n<p>Among the reasons for those rises is investors preparing themselves for a possible pick-up in inflation due to the impact of trillions of dollars of stimulus from governments and central banks around the world.<\/p>\n<p>In Washington, the Trump administration negotiators have said that they will work \u201caround the clock\u201d with Democrats as they attempt to strike a deal on more economic relief measures by the end of the week.<\/p>\n<p>According to Bank of America, governments around the world have already announced approximately $20tn worth of stimulus to combat the economic impact of the pandemic.<\/p>\n<figure><iframe loading=\"lazy\" width=\"600\" height=\"300\" src=\"https:\/\/www.bbc.com\/news\/av\/embed\/p082n68y\/53660052\"><\/iframe><\/figure>\n<p>Some investors see the fallout from the Covid-19 crisis, along with ongoing tensions between the US and China, continuing to push up the price of gold.<\/p>\n<p>Market strategist Margaret Yang says she sees potential for bullion to continue rising in the coming weeks and months: \u201cThe mid-to-long-term prospect of gold and other precious metals remains bullish against the backdrop of low interest rate environment and fiscal and monetary stimulus.\u201d<\/p>\n<p>Peter McGuire from XM.com said he sees gold reaching \u201c$2,200 by Christmas\u201d with silver, platinum and palladium also set to see strong gains.<\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"871teYYtZEg\"><iframe loading=\"lazy\" title=\"Climbing Trees to Make Phone Calls: Essaso residents plead for network connectivity (16-4-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/871teYYtZEg?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>File photo: Gold Bars Gold has topped $2,000 (\u00a31,527) an ounce for the first time as traders look for havens amid the pandemic. Investors have moved cash into the precious metal as Covid-19 cases rise in the United States (US) and more money is pumped into the global economy. The record high gold price has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1058493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[430,169,5206,521],"class_list":["post-1058490","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-gold","tag-price","tag-rises","tag-time"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1058490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1058490"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1058490\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1058490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1058490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1058490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}