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Gold: the metal is progressing

05/01/2026
Source : ORISHAS FINANCE
Categories: Raw materials

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After the capture by the United States of the President Venezuelan Nicolas Maduro over the weekend, gold prices rose on Monday, while those of other precious metals also jumped.

At 03:12 GMT, the spot gold price was increased by 1.9% to reach $4,411.14 per ounce, a high in one week.

American gold futures for deliveries in February increased by 2.1% to $4,419.90.

Geopolitical tensions, combined with declines in interest rates, major purchases by central banks and inflows into Exchange-traded funds contributed to 64% gains in gold bullion last year, its biggest annual gain since 1979.

Cash prices increased by 4.4% to reach $75.82 per ounce, after reaching an all-time high of 83.62 dollars on December 29.

Silver ended the year up 147%, vastly surpassing gold in what was its best year ever recorded.

Money has reached new heights thanks to its designation as an essential mineral in the United States last year, as well as in supply constraints in the face of growing demand from sectors industrial and investment.

The spot price of platinum rose by 2.2% to reach $2,190.55 per ounce, after peaking at a record high history of 2,478.50 dollars last Monday.

The price of palladium a rose by more than 5% at the start of the Asian session, reaching its highest level in one week. It was $1,667.45 per ounce, or an increase of 1.8%.

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