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Gold exceeded $2,700, silver – at the highs of 2012

September, 26 2024
watermark Economic news

Gold and silver prices reached historic highs on Thursday. December gold futures exceeded the $2,700 per ounce mark for the first time, rising to $2,708, and the spot price updated the record at $2,685 per ounce. 


Gold has been rising in price for eight months in a row, having received a new impetus thanks to the recent Fed interest rate cut and China's stimulus measures.


Silver is also showing impressive results, reaching a 12-year high. The spot price of silver rose 2.6% to reach $32,632 per ounce, which is the highest level since 2012. 


Silver has risen in price by 37% this year, becoming one of the most successful commodities. The Fed's incentives and expectations of further rate cuts are contributing to increased demand for both metals.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.