11:17 - 25.09.2024

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September 25, Fineko/abc.az. Gold prices continued their four-day upward trend on September 24, and during the session, the price of December’s futures reached a record high of $2,694.9 per troy ounce.

ABC.AZ reports that the reason for the rise in gold prices was the data published yesterday on the consumer confidence index in the U.S., which fell to 98.7 points in September - the strongest in the last three years. Also, investors are still positive about the likelihood of further easing of monetary policy in the U.S.

The rise in gold prices has also become a driver for silver quotes. Gold increased almost by 30% in 2024, and silver by 35%. According to Johnny Teves, precious metals strategist at UBS, silver is attracting attention amid a sharp rise in gold prices, especially as investors are looking for opportunities to catch up.

On the morning of Wednesday, September 25, gold futures were slightly down 0.15% to $2,682.1 per ounce.