The price of gold on the Comex exchange in New York rose to $4,000.1 (around 16,000,000 soums) per troy ounce (31.1 grams) for the first time, Bloomberg reported. Although it later fell to $3,987.4, the price remains close to a record high. The previous record was set on October 6, when the price per ounce was $3,949.
Over the past week, the price of gold has reached a historical maximum three times. It rose from $3,757 to $3,885, which is almost $130 or more than 3% growth. Such a sharp increase indicates an increase in the demand for gold.
The main reason for the increase in the price of gold was the temporary suspension (shataun) of the activities of the US government from October 1. As a result of disagreements on the state budget, government agencies were closed, and investors turned to gold as a safe asset.
According to Bloomberg, the price of gold has increased by 50% since the beginning of 2025. In January, it was $2,623 (10,500,000 soums). It is said that geopolitical uncertainties during the Donald Trump era also contributed to this growth.
Read “Zamin” on Telegram!
