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commerce
shāng yè
商业
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gold
huángjīn
黄金
price
jiàgé
价格
to set a record
chuàngxià
创下
all-time high
xīngāo
新高

October
shíyuè
十月
18th
shíbā
十八
day
gold
huángjīn
黄金
price
jiàgé
价格
set a record
chuàngxià
创下
all-time high
xīngāo
新高

October 18, 2024 at 12:00 PM

October
shíyuè
十月
18th
shíbā
十八
day
gold
huángjīn
黄金
price
jiàgé
价格
set a record
chuàngxià
创下
all-time high
xīngāo
新高
price
jiàgé
价格
to break through
túpò
突破
per
měi
ounce
àngsī
盎司
two
liǎng
thousand
qiān
seven
hundred
bǎi
US dollar
měiyuán
美元
US
měi
Federal
lián
Reserve
chǔ
to cut
jiàng
interest
region
situation
yuán
politics
zhèng
affairs
zhì
not
certain
quèdìng
fixed
dìng
this
zhè
some
xiē
all
dōu
to push
tuī
move
dòng
le
gold
huángjīn
黄金
to rise
zhǎng
price
jià
many
many
duō
invest
tóu
money
people
zhě
to buy
gòu
buy
mǎi
gold
huángjīn
黄金
central
yāng
bank
háng
also
zài
to increase
zēng
add
jiā
purchase
gòu
buy
mǎi
this
zhè
rising
zhǎng
trend
shì
may
able
néng
continue
continue

New Words

huángjīn
黄金
gold
jiàgé
价格
price
chuàngxià xīngāo
创下新高
set a record high
túpò
突破
break through
àngsī
盎司
ounce
měi lián chǔ
美联储
Federal Reserve
jiàng xī
降息
cut interest rates
tóu zī zhě
投资者
investors
gòumǎi
购买
purchase
yāng háng
央行
central bank
zhǎng jià
涨价
price increase
qū shì
趋势
trend

News in English

Business

Gold price hits all-time high above $2,700 per ounce

On October 18, gold prices reached a new all-time high.

On October 18th, gold prices set a new all-time high. The price broke through 2,700 US dollars per ounce.

The US Federal Reserve cut interest rates. Regional political uncertainty also played a role. All these factors pushed gold prices up.

Many investors bought gold. Central banks also increased their purchases. This rising trend may continue.

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