The price of gold in world commodity markets has exceeded $5,000, APA-Economics reports.
The price of gold futures on the Comex exchange (GC1) increased by 1.98% to $5,046.3/ounce, a price increase of $97.9.
The price of gold in the spot market (XAU/USD) increased by 2.43% to $5,042.04/ounce.
Silver in the Comex increased by 3.02% to $77.96/ounce.
Platinum in the spot market (XPT/USD) increased by 3.07% to $2,066.78/ounce. The value of the precious metal increased by $61.51 in the last trade.
Analysts explain the rise in the precious metals market to global economic uncertainty, heightened geopolitical risks, and investors’ increased interest in safe assets.
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