For the first time in history, the exchange price of gold exceeded $4,500 per troy ounce

On January 9, the exchange price of gold exceeded $4,500 per troy ounce for the first time in history. This is evidenced by the data of the Comex exchange.

It is noted that according to trading data at 20:58 Moscow time, the price of futures for the precious metal was $4,510, and the change was 1.13% upward. Thus, the futures price exceeded $4,500 for the first time.

In addition, the price of silver futures was at $79.5 with an increase of 5.83%.

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How has this been achieved and what can it affect?

In December last year, the price of gold reached $4,497.55 per ounce, updating the historical maximum and consolidating the growth. 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.

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