Gold price exceeded 4.4 thousand dollars for the first time

On December 22, an important event occurred in the global financial markets: the price of gold exceeded 4.4 thousand dollars per ounce for the first time. This was reported by Zamin.uz.

According to Reuters, experts say that this price increase is related to the expected near-term decrease in interest rates in the US and the growing interest of investors in safe-haven assets.

Along with gold, the price of silver also rose significantly. Within one day, the price of silver increased by 3.3%, reaching 69.44 dollars.

According to Reuters data, since the beginning of the year, the price of gold has risen by 67%, surpassing the 3,000 and then 4,000 dollar thresholds. The last time such an increase was observed was in 1979.

The rise in silver prices has been even more impressive, increasing by 138% over the year and exceeding the growth rate of gold. Analysts explain this situation by a number of factors.

In particular, the increase in investment volume, limited supply in the market, geopolitical tensions, and uncertainties in international trade are causing the price increases. Additionally, central banks' active purchases of gold reserves have further strengthened demand.

The expected decrease in interest rates next year and the weakening of the US dollar are also increasing demand for precious metals. This situation makes gold and silver relatively cheaper for foreign investors, encouraging them to choose these metals as safe assets.

As a result, it is said that the growth trend in the gold and silver markets may continue in the near future.