Gold price hits new all-time high
On Thursday, October 17, the price of gold reached a record high.
During yesterday's trading on the Chicago Mercantile Exchange, there was a moment when the price for a troy ounce of the precious metal was $2,712.25.
This is the highest figure in history.
This was reported by Gazeta.Ru with reference to data from the trading platform.
It is worth emphasizing that since the beginning of 2024, the cost of gold derivatives has increased by approximately 30 percent.
This is a very significant increase: such a significant change in this indicator has not been observed over the past almost 15 years.
Why is gold getting more expensive?
The increase in the price of this precious metal is a phenomenon typical of difficult periods in the economic and geopolitical spheres.
The fact is that gold is considered a “safe haven” for savings.
This kind of reputation contributes to the growth of the value of the “solar” metal in difficult times.
