The price of gold on the exchange updated its historical maximum on April 12, rising above $2,400 per ounce for the first time. This is evidenced by trading data.
By 9:47 Moscow time, quotes for June gold futures on the Comex exchange rose by 1.63% to $2,411.3 per ounce. Since the beginning of 2024, the metal has risen in price by about 5% on the world market.
At the same time, the previous maximum was recorded just a few days ago, on April 8. Then gold prices exceeded $2,360 per ounce for the first time.
The first reduction in the key rate by the US Federal Reserve will push prices for the precious metal even higher, analysts are sure. The easing of monetary policy by the US Central Bank provokes a new wave of gold purchases by exchange-traded funds, they explained.
Previously, it was reported that the Central Bank of China continued to increase gold purchases in March.