The price of gold today breaks the records in the midst of a greater question

The price of gold has risen to a new record with the increasing geopolitical tension that strengthened demand for safe assets, while traders ignored the indicators that the Federal Reserve is not in a hurry to lower interest rates. The Precious Metal recorded a record level of $ 2947.23 per gram, exceeding the previous standard gold price recorded on Wednesday. The fear of the possibility of US President Donald Trump gave up the United States’ support to Ukraine after Russia’s invasion of his neighbor in 2022. The US president said on social media on Wednesday that Ukrainian President Foludmir Zellinski “is the best to move quickly” to reach an agreement with Russia “or he will not have a state.” The Precious Metal recorded a series of standard levels this year after the increase by 27% during the year 2024, amid anxiety over the destructive commercial and geopolitical policies that Trump is constantly pursuing. What is the price of gold price in 2025? During the current week, the Goldman Sachs Bank increased the price of the price of gold to the end of the year to $ 3100 per gram, suggesting that the stronger central banks’ purchases are expected to be the most important driving for the high price of gold. In another context, investors analyzed the minutes of the recent Federal Reserve Bank meeting, which emphasized the position of US policymakers on interest rates in the light of continuous inflation and economic manure. Gold usually benefits from low borrowing costs because it does not produce yields. Finally, the immediate gold price rose 0.4% to $ 2945.68 per gram at 14:16 in Singapore. In contrast, the dollar’s Bloomberg index immediately fell 0.2%, while the prices of silver, Albadium and platinum rose.