Gold hits a new record high, exceeding $4,500 per ounce

Gold recorded a new record price today, exceeding $4,500 per ounce, in a market driven by geopolitical risks between the United States and Venezuela and with the expectation that the US Federal Reserve will continue to reduce interest rates during the coming year.

The price of gold rose to $4,519.78 per 31.1 grams, after its price jumped by more than 70% since the beginning of 2025.

Likewise, the price of silver and copper also reached new record levels on Tuesday, while platinum recorded its highest levels since May 2008.

The rise in metal prices is partly due to the exacerbation of geopolitical risks between Washington and Caracas, with US President Donald Trump saying on Monday that it would be “wise” for his Venezuelan counterpart, Nicolas Maduro, to step down from power.

On the other hand, investors expect the Federal Reserve to continue lowering interest rates in 2026, following recent data that showed a weak labor market and slowing inflation in the United States.