Prices are rising amid increased demand among investors for a “safe haven” after a strong earthquake in Taiwan and interest rate uncertainty in the United States.
World gold prices continue to reach historic highs. On Wednesday, April 3, the $2,300 per ounce level was breached for the first time.
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So, gold futures expiring in June rose 1.1% to $2,306.25 an ounce.
Western agencies wrote that gold prices are rising amid increasing demand among investors for a “safe haven” after a strong earthquake in Taiwan and interest rate uncertainty in the United States. .
Further boosting gold prices was the dollar’s pullback from Wednesday’s 4.5-month high.
Other precious metals also benefited from higher safe-haven demand and a weaker dollar. Platinum futures rose 0.3% to $940.05 an ounce, and silver futures rose 2.2% to $26.480 an ounce.
Let’s remember that at the beginning of December 2023, the price of gold exceeded $2,100 per ounce for the first time in history. At the time, analysts predicted that the price of the precious metal could remain above $2,000 per ounce in 2024. In early March, the price of gold reached a new all-time high.
In March, the price of gold increased by 8.9%, and at the end of the first quarter the price increased by 8%. From the beginning of this year, the increase is 10.5%.
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.