The price of the precious metal could remain above $2,000 per ounce in 2024, Western analysts say.
The price of gold has set a new historical record. This is confirmed by data from the Chicago Mercantile Exchange (CME) on Monday, December 4. http://4613244
This morning, the price of January gold futures rose 2.89% to $2,140.7 an ounce. The price of gold rose above $2,100 for the first time in history.
However, then the value of the precious metal decreased slightly. At 10:30 Kyiv time, the spot price of gold was $2084.3 per ounce, which was 0.7% higher than the close of the previous session.
Western analysts expect that in 2024, gold prices may remain above $2,000 per ounce, reaching new historical highs, writes CNBC. Factors in its favor include geopolitical uncertainty, a likely weaker US dollar and potentially lower interest rates.
Earlier it was known that the Russians were massively exporting gold from the country. So, more than 200 kg of gold was seized from one man. At the same time, he had difficulty confirming the origin of the bullion, the funds from which he bought this bullion, as well as the purpose of their export.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.