Record High Gold Price Reached
Gold prices reach all-time high on Comex exchange, hitting $2,500 per troy ounce.
On August 1st, the price of gold on the Comex exchange, a division of the New York Mercantile Exchange, reached its all-time high, surpassing $2,500 per troy ounce. Data from the exchange confirms this significant milestone.
Recent data from the trading platform shows that $2,502 per troy ounce has already been paid for the precious metal. Financial experts attribute the consistently high prices of gold to geopolitical risks that continue to impact the market.
Since the beginning of the year, the price of gold has increased by almost 16 percent, making it a lucrative investment for many traders. With uncertainty in global markets and ongoing geopolitical tensions, it seems that gold prices may continue to rise in the foreseeable future.
Investors and traders will be closely watching the price of gold on the Comex exchange as it continues to reach new heights, breaking records along the way.
