The expert named the reasons for the increase in the value of gold

The price of gold has reached a new historical record, amounting to $3,578 per ounce, and this precious metal has the potential to further increase its value. After the recent peak, the price has adjusted slightly, but since the beginning of the year it has added more than 30%, which makes gold one of the leaders in dynamics among commodities, Evgeny Shatov, a partner at Capital Lab, told Izvestia on September 2.

As the expert explained, the latest surge was triggered by statements from the US Federal Reserve System (FRS).

"Expectations of an early reduction in the Fed's interest rates have become a key driver of growth. Chairman Jerome Powell's cautious hints about a possible easing of monetary policy this month have forced investors to shift more actively into defensive assets," he said.

The expert added that the market also expects confirmation of this trend from macroeconomic data.

"We are witnessing an interesting transformation in the investment strategies of market participants. Silver, which traditionally acts as a "satellite" of gold, is now showing its own growth dynamics. This is due to both macroeconomic factors and a change in investor preferences. At the same time, both precious metals retain their role as key safe haven assets in investment portfolios," said Alexey Vyazovsky, Vice President of the Golden Board Company.

The stock is solid: Russia's reserves in gold have reached a record $249 billion.

Why is it one of the most reliable assets for the country now and will the metal become more expensive?

In addition to monetary factors, global uncertainty has long been weighing on the metal's value. Gold and silver prices have more than doubled in three years. This is a direct consequence of the growing risks in geopolitics, economics, and international trade. Investors are looking for safe havens.

In addition, the expert's forecast for the coming quarters remains optimistic.

"In the baseline scenario, we expect gold to continue to update the highs. A combination of factors — lower interest rates, weak economic data, ongoing macroeconomic uncertainty and geopolitical risks — reinforces the role of gold as a key tool for diversifying the investment portfolio," concluded Shatov.

On April 19, independent financial expert Andrey Barkhota told Izvestia about where to invest in 2025. In particular, according to him, the profitability of bank deposits may exceed 20% per annum. For example, an investment of 1 million rubles will bring the investor more than 200 thousand rubles of net profit per year.

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