Gold rate today has been on a sharp increase.
It’s now at $1,200 per ounce, which is up $4.35, or 17%, from its record low at $12.25 on Monday.
The dollar has gained a bit against the Japanese yen, as well as the euro.
Gold has also climbed in the past two days to its highest level since April 24.
On the downside, gold is now down $1.20, or 7.8%, from the record low of $1 and down $3.35 from its recent peak of $2,856.
The gold price is up 2.2% from yesterday.
Gold is the world’s largest reserve currency, holding roughly 30% of global economic output.
As of this writing, gold prices are trading at around $1 per ounce.
However, gold price increases are not expected to last long, as gold prices tend to follow an upward trend.
Bitcoin is the second largest reserve cryptocurrency, holding about 15% of the world economy.
As mentioned, bitcoin prices are still trading around $400.
It is unclear how much longer bitcoin will remain on a bull market, but a recent spike has been quite significant, as it reached $12,000 per ounce by the end of this week.
Bitcoin’s price has been in a bull trend since July, but has been significantly lower than gold.
Gold’s recent price jump is due to a number of factors, including rising interest rates and the general lack of interest in gold.
The average price of gold is $1.,095.
In fact, gold has been worth about $1 trillion since 1873, according to the U.S. Commodities and Futures Trading Commission.
However as the price of bullion has risen dramatically in recent months, the average price has fallen.