17:40 - 24.02.2025

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February 24, Fineko/abc.az. Gold is traded just below the record reached last week as the dollar weakened and assets in bullion-backed exchange-traded funds (ETFs) rose. This may help prices overcome the $3,000 per ounce mark, ABC.AZ reports, referring to Bloomberg.

On Monday, bullions held near the $2,940 per ounce mark after its eighth consecutive weekly rise, the longest since 2020.

The growth was supported by a sharp increase in demand from ETFs. The precious metal has hit several records this year after surging 27% in 2024 amid growing concerns about trade wars and U.S. President Donald Trump's geopolitical plans stimulating demand for safe assets.