The price of gold has reached a historic high, surpassing the $3500 mark per ounce (28 grams) – setting a new record and marking a significant moment for this precious metal. This increase comes amidst instability in U.S. markets, accompanied by the weakening of the U.S. dollar, which has seen its biggest decline in three years, reports Rks News.
According to market data, at the start of the year, gold was valued at $2623 per ounce, demonstrating a sharp rise within just a few months.
A key factor in this development has been criticism from U.S. President Donald Trump towards Federal Reserve Chairman Jerome Powell, which has sparked major concerns among investors.
Financial market analysts predict that this upward trend may continue, potentially driving gold prices to unprecedented levels: “The metal could reach $4000 per ounce for the first time,” they forecast.
