The image was generated by Gemini
As the agency emphasizes, experts expect further price increases for gold, which traditionally attracts the attention of investors in times of instability. The main factors contributing to this are the escalation of conflicts between the USA and NATO over Greenland and the ongoing war between Russia and Ukraine.
The demand for gold has also been influenced by the threat of the United States imposing a 100% tariff on imports from Canada if that country signs a new trade agreement with China, Reuters reports.
It is worth noting that in 2025, the price of gold increased by 64% due to the easing of monetary policy in the USA, rising demand from the People's Bank of China, and high investor interest in precious metals, according to Reuters.
Bloomberg reports that since the beginning of the conflict between Russia and Ukraine in 2022, the value of gold reserves held by the Central Bank of Russia has increased by more than $216 billion. Gold now accounts for about 43% of the reserves of the Bank of Russia, while before the conflict, its share was 21%.
Russia is one of the largest gold producers in the world; however, access to this precious metal in international markets is limited due to the sanctions imposed after the outbreak of hostilities.
