Last year, gold emerged as one of the most lucrative commodities, registering a 27% increase, as reported by Kazpravda.kz referencing RBC.
As of 8:00 PM Astana time, April gold futures on the Chicago Mercantile Exchange (CME) rose by 1.48%, reaching $2835.1 per ounce.
By 9:01 PM Astana time, the increase accelerated to 2.13%, with gold trading at $2853.2 per ounce. The previous all-time high for gold was recorded during trading on October 30, 2024, at $2,801.8 per ounce.
Since the beginning of the year, gold has appreciated by 7.7%. Analysts at MUFG believe that the coming to power of Donald Trump's administration will drive demand for safe-haven assets, including gold.
In 2024, gold prices set new records several times, influenced by the Fed's shift towards a more accommodative monetary policy, geopolitical tensions, and significant gold purchases by major central banks. Last year, gold became one of the most profitable primary commodities, achieving a 27% growth.