For the first time in history.. gold recorded $4,000 in futures contracts
Today, Tuesday, the price of gold in futures contracts reached Historical peak reached 4,000 per ounce, before stabilizing at $3,775 by 9 a.m. GMT.
And Spot transactions The yellow metal settled at gold in spot transactions at $3,956.02 an ounce, after hitting an all-time high of $3,977.19 earlier in the session.
Said Kelvin Wong, chief market analyst at "OANDA": "The chances of America cutting interest rates once this October and again in December are still heading above the 80% level, so this supports gold prices. Add to that US government shutdown, with no signs of quickly resolving this crisis."
Gold has risen 51% so far this year thanks to strong purchases by central banks, increased demand for gold-backed ETFs, a weak dollar, and growing interest from individual investors seeking to hedge amid escalating trade and geopolitical tensions.
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