Gold prices have exceeded the $2,700 per ounce mark

December 11th. /MEDIA TALK/. On December 10, 2024, the price of gold exceeded $ 2,700 per troy ounce for the first time since November 25. At 19.33 Moscow time, its price was $2,716.4 on the Chicago Mercantile Exchange. Among the main reasons for the growth, experts note the tense situation in the Middle East, the expected reduction in the interest rate by the US Federal Reserve and the resumption of gold purchases by China after a six-month break.


Photo: ru.freepik.com

The market is also growing in anticipation of the publication of data on consumer prices in the United States next Wednesday and a possible further reduction in interest rates by the Fed. We wrote about the previous record values of prices for the precious metal at the end of October. At that time, a troy ounce was worth more than $2,800.