---
title: "Gold retains its shine and is currently valued at US$2,026 per ounce"
publisher: "Share Talk"
author: "sharetalk"
published: "2023-04-05T08:27:51+00:00"
modified: "2023-04-05T08:27:51+00:00"
date: 2023-04-05
canonical: "https://www.share-talk.com/gold-retains-its-shine-and-is-currently-valued-at-us2026-per-ounce/"
category: "Blogs"
categories: ["Blogs", "Mining"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Gold retains its shine and is currently valued at US$2,026 per ounce

**Published:** April 5, 2023
**Author:** sharetalk
**Categories:** Blogs, Mining
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1)

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Amidst turmoil and uncertainty in the broader markets, gold retains its shine and is currently valued at US$2,026 per ounce, having gained almost 8% in the past 24 hours. This surge has taken the precious metal to its highest value in a year.

The latest weak US economic data and the increasing possibility of the Federal Reserve cutting interest rates are driving gold towards its all-time high of $2,075, says Fawad Razaqzada, a market analyst at City Index and FOREX.com.

Razaqzada notes that gold has already surpassed the $2,000 mark and has broken through the $24 resistance level, while silver is approaching the $25 level, both aided by declining bond yields and a weaker US dollar.

The trend is not limited to the US as a survey of over 2,000 UK investors conducted by The Royal Mint and Censuswide revealed a 26% increase in the volume of gold investments last year.

Gen-Z and Millennial investors led the charge, increasing their purchases by 38% and 29% respectively.

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