The price of gold in exchange trading has exceeded the threshold of $4400 per ounce for the first time in history.
Modern.az reports that on December 18, February futures on New York's COMEX commodity exchange rose by 0.79 percent, reaching $4408.6. This surpassed the previous record of $4398 recorded on October 20.
According to the World Gold Council, the volume of assets in gold-backed exchange-traded funds has increased in all months this year, with the exception of May. In recent weeks, an increase has also been observed in the price of silver, with the main reasons being market shortages and problems in the supply chain.
"Deutsche Bank" analysts predict that the price of gold will fluctuate between $3950–4950 next year. The bank attributes this expectation to the stabilization of investment flows, the sustained demand for gold from central banks, and the increased inflow of funds into exchange-traded funds. In 2027, the price of gold is expected to rise to $5150.
Since the beginning of 2025, the exchange price of gold has increased by more than 60 percent, while for silver, this increase has reached 116 percent. According to Bloomberg's calculations, gold is showing its strongest annual growth this year since 1979. This rise is mainly explained by active purchases by central banks, as well as investors moving away from bonds and currencies towards precious metals.
