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Gold prices hit a record again

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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%.

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Source: korrespondent

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