The cost of gold on the COMEX exchange (included in the CME Group) reached a maximum from June 11, 2021 against the background of geopolitical tensions and high inflation growth rates in the United States.
Spot price for gold during the day rose by 0.93% – to $ 1.885.74 per troy ounce, previously reaching the maximum level from June 11 at $ 1.892.91.
“The growth of the value of gold affects the geopolitical tension around Ukraine and the high rate of inflation growth in the USA,” – commented on TASS senior analyst “Aton” Andrei Lobazov.
“If we talk about a longer-term horizon, looking at 2023, it is impossible to not pay attention to the growing cost of gold production due to global inflation – this may support the price of this metal,” said Russian expert.