Gold prices held steady above 4 000 dollars per ounce. Investors were evaluating the ceasefire agreement between Israel and Hamas.

The spot gold price was stable at USD 4,038.59 per ounce at 12:26 GMT. American gold futures for delivery in December fell by 0.3% to USD 4,057.70. The course of Gold has crossed the $4,000 per ounce mark for the first time Wednesday, reaching a record high of 4,059.05 USD.

According to Nikos Tzabouras, senior analyst at markets at Tradu, “the rise in gold is facing resistance: the diplomatic breakthrough in Gaza is reducing risk-averse flows, while the The current recovery of the US dollar is undermining the strength of the precious metal, making it vulnerable to retrenchments.” The metal has gained more than 53% since the beginning of the year and is on track to record the largest annual increase since the oil crisis of 1979.

Money reached the level for the first time psychological increase of 50 USD, supported by the record rise in gold, demand growing number of investors and a shortage of supply.

For its part, silver rose by 2.2% to 50.01 USD per ounce. Metal has gained more than 73% this year, benefiting from the same factors that fuelled the rise in gold, as well as tensions on the cash market. “The interesting thing about the silver market is that net long positions are only slightly higher; it does not So this is not an increase motivated by speculative interests

“This change in the price of money is based on on fairly solid fundamentals,” said the independent analyst Ross Norman.