On Monday, the price of gold rose above $2,000 per ounce, its highest level since May this year. This is proven by trade data.
Spot prices in Hong Kong rose 0.6% to $2,013.1. Gold continued its rise despite the weakening of the dollar due to investors’ growing confidence that the US Federal Reserve has completed its rate hike cycle. December futures contracts on the Comex exchange exceeded $2013.4 per ounce as of 13:30 Moscow time.
Since the beginning of November, the price of the precious metal has increased by 1.5%. In addition, the price of silver also rose on Monday; The price of futures contracts for delivery in December rose to $24.79 per ounce, the highest level since August. The price of the metal increased by 8% last month.
Candidate of economic sciences Vladimir Grigoriev at the end of October said That investing in gold is the most profitable option to preserve savings.
Russians before in the name Four ways to make profitable investments in 2024.
Source: Gazeta
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