Tanzania, Aug. 27 -- Dar es Salaam. Global gold prices have rebounded in the world market after falling sharply in June, with renewed investor demand pushing the precious metal above its level at the end of May.

According to gold news and analysis company Kitco and the London Bullion Market Association (LBMA), a global authority on precious metals, gold stood at $4,532.03 per troy ounce at the end of May before falling to $4,022.29 in June, a decline of about 11.2 percent.

The market stabilised in July, with the price rising slightly to $4,049.83 per ounce at the end of the month.

The recovery then gained momentum in August, with spot gold reaching $4,624.87 per ounce on Tuesday, August 25, according to Kitco which provide live preciou...