Gold Prices Stay Near Three-Month High
The price of gold is near a three-month high. This means gold is more expensive than it was for many weeks.
Gold went up because of changes in US Treasury bonds. Treasury bonds are loans people give to the US government. When these bonds change, people often buy more gold.
People buy gold when they feel unsure about money. Gold is called a bullion. Bullion means pure gold or silver in bars.
Silver prices are going up too. Experts think gold and silver prices may keep rising next week.
Investors are waiting for new US inflation numbers. Inflation means prices for things go up over time.
People are also watching the US central bank, called the Fed. A person named Warsh may become the new Fed Chair. This is the boss of the Fed.
The Fed Chair can change interest rates. This can affect gold prices too.
Many investors think gold will stay strong for now.
Vocabulary15 words
- gold
- a valuable yellow metal
- Treasury
- the US government office that manages money
- bullion
- gold or silver in bar form
- inflation
- when prices go up over time
- Fed
- the US central bank
- Fed Chair
- the leader of the US central bank
- investors
- people who put money into things to make more money
- interest rates
- the cost of borrowing money
- silver
- a shiny white metal, also used for money value
- bonds
- a way for people to lend money to a government
- central bank
- a bank that controls a country's money
- high
- a top point or level
- demand
- how much people want to buy something
- data
- facts and numbers
- prices
- how much something costs
Quiz
Answer key
1. Staying near a three-month high 2. Changes in US Treasury bonds 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
The price of _____ is near a three-month high.
Gold went up because of changes in US _____ bonds.
When these bonds change, people often buy more _____.
People buy gold when they feel unsure about _____.
Gold is called a _____.
Silver prices are going up _____.
Investors are waiting for new US _____ numbers.
People are also watching the US central bank, called the _____.
A person named Warsh may become the new Fed _____.
The Fed Chair can change _____ rates.