The gold trading has set a new record, rising above 4,800 dollars per troy ounce, according to trading platform data.
As of 7:14 AM Moscow time, the price of the February gold futures on the New York Comex exchange increased by 80.86 dollars compared to the previous close, marking a 1.7% rise, reaching 4,847.8 dollars per troy ounce. During trading, the price peaked at a record 4,852.06 dollars.
At the same time, the March silver futures showed a decrease of 0.88%, amounting to 93.787 dollars per ounce.
Analysts attribute the rise in gold prices to the weakening of the dollar, which is linked to geopolitical instability caused by recent statements from U.S. President Donald Trump.
Last Saturday, he announced the introduction of a ten percent tariff on imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland. These measures will take effect on February 1, and from June, the tariffs will increase to 25 percent and will remain in place until the U.S. acquires the island.
