In commodity markets, the price of gold futures for a troy ounce (31.1 grams) has again renewed its historical maximum, APA-Economics reports, citing stock exchange data.
The price of December gold futures for a troy ounce on the New York COMEX commodity exchange increased by 1.29% to 3,653.3 US dollars.
The price of December silver futures for an ounce on the COMEX also increased by 0.33% to 41.55 US dollars.
Analysts note that the sharp rise in gold prices is mainly due to the increase in expectations of a Fed interest rate cut against the backdrop of weak employment figures in the United States, the weakening of the dollar and the increase in demand for gold by central banks. At the same time, global economic and political instability is causing investors to turn to gold as a safe haven.
