Seven weeks of growth: gold price hits historical highs

On Friday, the gold price showed growth, preparing to end the week on a positive note for the seventh time in a row. This is happening against the background of overcoming another historical maximum set earlier this week, according to information from stock trading.

On the New York Comex exchange, the price of April gold futures increased by $13.75, which is an increase of 0.4%, and reached $2,959.15 per troy ounce. Silver futures for March delivery also showed an increase: their value increased by 1.73%, reaching $33,292 per ounce.

Over the current week, gold has risen in price by more than 2%, and since the beginning of the year, its value has increased by more than 10%. It is noteworthy that on Tuesday night, for the first time in history, the price of the precious metal exceeded the level of $ 2,960 per troy ounce. This jump was recorded after US President Donald Trump signed a decree imposing duties of 25% on steel and aluminum imports into the country.