Thanks to the increase in demand, gold exceeds 3900 dollars for the first time

The price of gold exceeded 3900 dollars an ounce for the first time, today, driven by the request for a safe haven amid the suspension of US government’s activities, as well as increasing expectations with additional discounts in interest rates by the Federal Reserve (the Central Bank of the American).

By 00:27 GMT, gold in instant transactions increased 0.4 percent to $ 3900.40 an ounce, after he recorded its highest level ever at $ 3919.59 earlier in the session.

US gold futures for December delivery rose 0.5 percent to $ 3926.80.

According to the CMM, investors expect an additional reduction by 25 basis points in October and December, with possibilities of 95 percent and 83 percent, respectively.

The demand for gold, which does not generate return in light of the low interest rates and in times of economic uncertainty.

Gold increased by 49 percent so far in 2025, after its rise 27 percent in 2024, with the support of the purchase of central banks, the increase in demand for the gold -backed indicators supported, the dollar decline, and the growing interest of individual investors in hedging in light of commercial and geopolitical tensions.

The demand for gold in India witnessed an increase last week despite the standard prices, driven by the season of the main festival in the second largest gold consumer in the world.

At the same time, the Chinese market was closed because of a vacation. As for other precious metals, the price of silver in instant transactions stabilized at $ 47.98 an ounce. Platinum increased 0.5 percent to 1613.15 dollars. Palladium rose 0.2 percent to 1263 dollars.