New record of gold today, as investors are turning to safe assets due to geopolitical tensions
New record “touched” the price of gold Today, as investors are turning to secure assets due to geopolitical tensions, with traders overtaking the indications that the US Federal Bank (FED) is in no hurry to reduce interest rates.
In particular, gold touched $ 2,954.83 a ounce today, recording a historical high and surpassing yesterday’s record.
There are increasing fears that US President Donald Trump could abandon US support for Ukraine amid the Russian invasion. It is noted that the US president told social media on Wednesday that Volodimir Zelenski “better move quickly” to reach a peace deal if he does not want to stay without his country.
The precious metal has recorded successive records this year, after a 27% rise in 2024, in the midst of. Goldman Sachs increased this week’s target price to the end of the year to $ 3,100 per ounce, saying that the strongest of the expected markets from central banks will be a major driving force for the rise.
Source: Skai
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