The price of gold in global commodity markets has surpassed a historic high, surpassing the $5,000 mark, APA reports.
The price of a troy ounce of gold on COMEX (April 2026 contract) was $5,017, which is an increase of $67.6 or 1.37% during the day. In the spot market, gold settled at $4,987, an increase of 1.04%.
At the same time, other precious metals are also rising. Silver rose 5.15% to $101.33 on the COMEX, platinum rose 5.35% to $2,778 on the spot market, and copper rose 2.92% to 594.75 cents/pound.
Analysts attribute the price increase to rising global geopolitical risks, increased demand for gold from central banks, uncertainty about inflation and interest rates, and investors' flight to "safe haven" assets. Fluctuations in the position of the US dollar and weakening risk appetite in financial markets are also among the factors supporting the price of gold.
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