Prices for precious metals have risen again at a high rate in world markets. The price of gold exceeded $4,500 per ounce for the first time in history, while silver and platinum also set new records.
On December 24, the price of spot gold rose by 0.8% to $4,524 per ounce. Thus, since the beginning of the year, gold has become almost 72% more expensive. The price of silver rose by 1.2%, setting a record $72.27 per ounce. Platinum rose by 3.3% to $2,377.50 per ounce, reaching a historic high.
Experts attribute this growth to global uncertainty, tensions between the US and China, and increased demand for safe assets. According to Ilya Spivak, head of the global macro division of Tastylive, in the context of deglobalization, the need for neutral and sovereign risk-free assets is growing.
It is noted that this is the largest annual increase for gold since 1979. Silver, on the other hand, became more expensive by more than 150 percent during the year, showing growth faster than gold against the backdrop of strong investment demand and strategic importance.
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