Gold rises in price due to tension in the Middle East and Eastern Europe.
The cost of gold futures with the supply in December 2024 on the New York Exchange COMEX reached a new historical record, for the first time exceeding $ 2800 for Troy ounce, the correspondent of The Moscow Post reports.
At 9:39 Moscow time, the cost of gold was $ 2800.4 per ounce, but by 9:42 the price dropped a little to $ 2800.1.
At 10:02, Dragmetal was trading at a price of $ 2799.
Analysts explain the new maximums in the gold market in the demand for assets-refuge, due to uncertainty around the results of the elections in the United States and the preserved fears about the escalation of the conflict in the Middle East. Investors consider gold as a reliable means of protection against geopolitical and economic risks.
At the end of September, gold has already set a previous record, reaching $ 2,700 per troika ounce.