World gold prices hit historic high of $2,655.8 per ounce
Gold prices reached a historic high on Monday morning, reaching $2,655.8 per ounce during trading, according to RIA Novosti.
At the time of writing, the price of the precious metal on the New York Comex exchange was $2,653.5 per ounce. Against this background, silver is falling by 0.25 percent, to $31.43 per ounce.
Among the factors influencing the rally, during which gold has recently regularly set new price records, analysts cite the situation in the United States, where the Federal Reserve lowered the key interest rate for the first time since 2020. At the same time, the political situation ahead of the elections remains unstable, as does the situation in the Middle East, where Israel is striking Lebanon. The latter has also pushed up oil prices.
Goldman Sachs experts previously predicted that gold would rise in price to $2,700 per ounce in 2025. At the same time, some experts, taking into account that the asset is called a safe haven where people flee in times of financial instability, allow for its value to rise to three thousand dollars.
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