Gold continues to rise as the dollar declines and the conflict over Greenland intensifies
Gold prices continued their record rise, exceeding the level of $4,800 per ounce, today, Wednesday, driven by intense demand for safe assets, as a result of escalating tensions between the United States and NATO over Greenland.
He rose The price of gold in spot transactions rose by 2.1% to $4,861.91 per ounce by 11:52 GMT, while gold futures contracts in the United States (February delivery) rose by 2.1% to $4,864.80 per ounce.
And in the white metal, the price of silver rose 0.2% to $94.71 per ounce, after hitting a record level of $95.87 on Tuesday, driven by a combination of factors including continued scarcity of physical supply and demand for safe havens.
In other precious metals, the price of platinum rose 0.1% to $2,464.79 an ounce, while palladium fell 0.6% to $1,854.35, after touching its highest level in one week earlier.
On the other hand, the dollar index stabilized near the lowest level. For him in two weeks, after White House threats over Greenland led to widespread selling in American assets.
Said John Mayer, an analyst at the company "SP Angel": "We expect the price of gold to exceed $5,000 per ounce, as investors continue to search for safe, inflation-resistant assets"adding that the upward momentum may fade as ETF buying declines.
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