On Monday, the gold rate jumped to $ 1,323 per ounce, reaching a three-month high. This became possible due to sharply increased concerns about the state of the world economy against the background of tense relations between the US and its allies, as well

Malaysian Prime Minister Mahathir during a conference in Tokyo proposed to create an Asian currency based on gold, which will be used to make payments in trade between Asian countries.

Prices of the safe-haven gold fell on Monday in Asia as stocks rose on strong China data and a U.S.-Mexico agreement.

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