The gold price has updated its historical maximum

The price of gold reached $4,497.55 per ounce, updating the historical maximum and consolidating the growth. This was reported by Reuters on December 23.

"The price of spot gold rose 0.9% to $4,486.55 per ounce by 07:53 GMT (10:53 GMT - Ed.), after reaching a record high of $4,497.55 earlier in the session," the material says.

Tim Waterer, chief analyst at the KCM Trade platform, noted that the rise in precious metal prices is a consequence of increased tensions between the United States and Venezuela. According to him, gold also rose due to news of further interest rate cuts in the United States.

"Buyers still see precious metals as an effective way to diversify portfolios and preserve value <...> I don't think we've reached a peak for gold or silver," Waterer stressed.

Silver also increased in price and reached $69.98 per ounce, platinum — $2 185.05, palladium — $1 806.25

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On the same day, Ruslan Spinka, director of Sales and customer Service at Fontvielle IC, told Izvestia that the growing interest in gold, the emergence of new asset classes and adaptation to a high key interest rate are the main investment trends of Russians in 2025. According to him, the attractiveness of gold as a quasi-currency asset has increased after the abolition of VAT on bullion in 2022, the permission of their direct sale by refineries from 2023 and the exemption from VAT of deposits in precious metals in November 2025.

All important news is on the Izvestia channel in the MAX messenger.