Gold price hits historic high again
The price of gold has reached a record high.
And this is far from the first update of the historical maximum this year.
This time, the price of gold exceeded the mark of 2800 US dollars.
We are talking about the exchange price per troy ounce.
This situation was recorded on the New York Comex exchange on the morning of October 30.
At 9:41 Belarusian time, the December futures contract for the precious metal rose to $2,800.2.
A few minutes later the figure increased by $1.3.
However, after some time, a slowdown in growth was recorded. The exchange price of gold fell slightly below the $2,800 mark.
Why is gold rising in price?
Foreign experts believe that this situation is explained by the expectation of certain events in the United States.
Gold's market position is strengthening ahead of the US presidential elections and in anticipation of further rate cuts by the Federal Reserve, MIA " Russia Today " recounts the contents of a report from the Bloomberg agency, citing one of the analysts.
It is emphasized that the rise in price of the precious metal is occurring against the backdrop of uncertainty in the economic and foreign policy spheres.
