Gold prices have updated the historical maximum. On December 4, the cost of the January futures for gold on the CME exchange in the moment increased by 2.9% of the closure level of the previous trading session, to $ 2.14 thousand per ounce. As of 09:13 Moscow time, contracts traded at a price of $ 2.1 thousand per ounce (+0.75% to the closure of previous bidding).

According to CNBC, the reason for the growth of quotations was the performance of the chairman of the federal reserve system (Fed) Jerome Powell, from which analysts concluded that the regulator may begin to reduce the rate in early 2024. Now the rate is held at 5.25–5.5%. According to the expectations of analysts that reflects the FedWatch tool , the Fed with a probability of 53.4% will lower it to 25 BP. At the March meeting. The most likely scenario traders consider a decrease in the rate by the end of 2024 to 4–4.25%.

According to analysts that CNBC quoted in 2024, gold prices can still be higher than $ 2 thousand for ounce and update historical maximums-mainly under the influence of a potential reduction in bets, geopolitical uncertainty, possible weakening of the dollar and central banks of various countries of the world to replenish gold reserves.

Gold prices for the first time in history exceeded $ 2.1 thousand per ounce