The price of gold in global commodity markets has exceeded its historical limit, surpassing the $5,000 level.
Elchi.az reports that the price of one troy ounce of gold on COMEX (April 2026 contract) was $5,017, which is an increase of $67.6 or 1.37% per day. In the spot market, gold settled at $4,987, up 1.04%.
At the same time, other precious metals are also on the rise. Silver on COMEX rose by 5.15% to $101.33, platinum in the spot market rose by 5.35% to $2,778, and copper rose by 2.92% to $594.75 cents/pound.
Analysts attribute the rise in prices mainly to increased global geopolitical risks, increased demand for gold from central banks, uncertainty about inflation and interest rates, as well as investors’ focus on “safe haven” assets. Fluctuations in the position of the US dollar and weakening risk appetite in financial markets are also among the factors supporting the price of gold.