Gold Hits New Record Level
Gold has reached a new record price today, Wednesday, surpassing $4,500 an ounce, driven by geopolitical risks between the United States and Venezuela, along with expectations that the U.S. Federal Reserve will continue to lower interest rates throughout the coming year.
The price of gold rose to $4,519.78 for 31.1 grams, increasing by more than 70% since the beginning of 2025.
Additionally, silver and copper also reached new record levels on Tuesday, while platinum recorded its highest price since May 2008.
The rise in metal prices is partly attributed to escalating geopolitical risks between Washington and Caracas, following U.S. President Donald Trump’s remarks that it would be “wise” for his Venezuelan counterpart Nicolás Maduro to step down.
On another front, investors anticipate that the Federal Reserve will continue to lower interest rates in 2026, following recent data showing a weakening labor market and slowing inflation in the United States.
