The price of gold rose above $2,100 per ounce for the first time in history. This was reported by RIA News With reference to trading data on the New York Comex exchange.
The price of December gold futures on the Comex exchange rose $17.7, or 0.85%, to $2,107.15 per ounce, trading data showed. The price of silver also increased by 0.09% to $25,317 per ounce.
“Markets are counting on a rate cut. “Gold can and will rise at the first sign of a recession,” said Kyle Rodda, senior market analyst at Capital.com in Melbourne.
November 27 gold price rose Above $2,000 per ounce, it hit the highest level since May of this year.
Candidate of economic sciences Vladimir Grigoriev at the end of October said That investing in gold is the most profitable option to preserve savings.
Formerly US Treasury extended Sanctions against Russia.