The cost of December gold futures fell to $2,672.1 per ounce (-2.82%) on the New York Comex Exchange. Data Valid at 16:50 Moscow time.
The price of the precious metal fell below $2,700 for the first time since October 17.
October 30 gold price updated a historical record, exceeding $2,800 per ounce for the first time. At the time, analysts announced that new records were set in the gold market as demand for safe haven assets increased due to ongoing concerns about worsening conflicts in the Middle East and uncertainty about the US presidential elections.
Formerly Deputy Head of the Ministry of Finance Alexey Moiseev statedIt is stated that it is currently not safe to keep savings in foreign currency. Describing Gold as a reliable long-term investment, he added that if you have enough savings, you can keep 10% in it.
Russians before entered It is among the top five buyers of gold jewelry.