Gold prices in global financial markets once again hit a historic record. According to Bloomberg, gold futures quotes on the Chicago Mercantile Exchange (CME) reached their peak. Prices for one ounce of gold indicated a level of $3508.
This indicator is the highest price recorded in the gold market for the first time in history and is assessed as a result of instability in the global economy and the geopolitical situation. Since the beginning of the year, the price of gold has risen by more than 30 percent and has become an even more attractive asset for investors.
Bloomberg experts note that one of the main reasons for this growth is the increased pressure on the US Federal Reserve System (FRS). Rumors that the Fed might lower key interest rates in the coming months have dramatically increased demand for precious metals.
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