Cause of rise in gold prices made public

11:44 - 17.04.2025


April 17, Fineko/abc.az. Gold has grown in price and broke a new record.

ABC.AZ informs that an increase is linked with Fed chairman Jerome Puel’s warning for the public about the consequences of a trade war.

Thus, after the aforementioned warning, the price of gold increased by 0.4% to $3,357 per ounce.

As a whole, gold has increased by nearly 28% this year, surpassing revenue by 27% in 2024.