Gold Surpasses $5,100 per Ounce for the First Time in History

Gold Surpasses $5,100 per Ounce for the First Time in History
Gold Surpasses $5,100 per Ounce for the First Time in History
Gold rose on Tuesday after surpassing the $5,100 level for the first time in the previous session, as demand for safe-haven assets remained strong amid ongoing geopolitical uncertainty. Silver also hovered near its all-time highs.اضافة اعلان

Spot gold climbed 1% to $5,065.07 per ounce by 03:29 GMT, after hitting a record high of $5,110.50 on Monday.

U.S. gold futures for February delivery fell 0.4% to $5,059.90 per ounce.

The U.S. Federal Reserve is expected to keep interest rates unchanged at its meeting set to begin later on Tuesday, amid a criminal investigation launched by the Trump administration into its chair, Jerome Powell.

Spot silver surged 5.2% to $109.22 per ounce, after reaching a record high of $117.69 on Monday. Silver has already gained 53% since the beginning of the year.

Platinum declined 2.5% in spot trading to $2,658.19 per ounce after recording a record high of $2,918.80 in the previous session, while palladium fell 1.3% to $1,956.31 per ounce. (Reuters)