In February 2026, gold futures for delivery reached $4,367 per troy ounce on the New York Comex exchange. This marks the highest level since October 21.
At 4:37 PM Tashkent time, the price of the precious metal reached $4,369, and by 5:04 PM, it had risen to $4,372. In April, Goldman Sachs had predicted that gold prices would reach $3,700 per ounce by the end of the year.
The bank attributed their forecast to increasing demand from global central banks. Since the beginning of the year, central banks worldwide have purchased a total of 254 tons of gold.
Poland and Kazakhstan were noted as the largest buyers among nations. In October alone, central banks purchased 53 tons of gold, which is 36% more compared to last year.
As of December 1, Uzbekistan's gold and foreign exchange reserves reached $61.2 billion, setting a record for the regulator. The physical volume of gold increased to 12.2 million troy ounces during the month.
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