The precious metal has once again shown growth, reaching record levels. Analysts emphasize that gold is traditionally viewed as a reliable tool for asset protection in times of economic and geopolitical instability.
On the New York Mercantile Exchange (COMEX), gold futures for February delivery rose by 1.82%, reaching a maximum price of $4,852.6 per ounce. In recent days, the value of the precious metal has increased by 5.6%.
The new price records for precious metals were linked to the worsening situation around Greenland and the decline in government debt in Japan, which has increased interest in protective assets, reports Bloomberg.
