Gold Prices Reach Record Highs Worldwide

Gold prices have surged to record highs globally, with the metal trading at $2,559 per ounce in the U.S. and reaching 153,200 rupees per tola in Nepal. The recent uptick in gold prices follows a period of economic uncertainty, including a projected U.S. federal deficit reaching 124% of GDP by 2026, which could undermine the dollar's strength. In Nepal, the gold price increased by 800 rupees in just one day, reflecting a broader trend of rising gold prices in response to unstable economic indicators. Meanwhile, silver prices have seen a decline in Nepal, contrasting with gold's upward trajectory. The market remains volatile with shifting sentiments in consumer confidence and labor market indicators, impacting investment strategies. Despite seasonal challenges for gold in September, the overall outlook remains bullish as investors seek stability in precious metals.