Gold was being traded at $4,360.85 per ounce, registering an increase of 0.8%. By 01:18, it had already reached $4,379.93.
The so-called ‘poor cousin’, silver, also reached a new historical high of $54.479 per ounce (46.5 euros per 28.3 grams), by 06:12.
According to experts, these peaks in gold trading are attributed to rising commercial tensions between the United States and China, alongside anticipated interest rate cuts by the U.S. Federal Reserve, and significant military conflicts in the Middle East and Eastern Europe.
This year alone, the ‘yellow metal’ has appreciated by 66% due to the weakness of the dollar and massive purchases by various central banks.
