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Gold price exceeds $5,000 in world commodity markets.
“Elchi” reports that on the Comex exchange (GC1), the price of gold futures increased by 1.98% to $5,046.3/ounce, with a price increase of $97.9.
In the spot market (XAU/USD), the price of gold rose by 2.43% to $5,042.04/ounce.
Silver on Comex rose by 3.02% to $77.96/ounce.
Copper futures rose by 0.29% to 586.25 cents/pound.
Platinum in the spot market (XPT/USD) rose by 3.07% to $2,066.78/ounce. The value of the precious metal increased by $61.51 in the last trade.
Analysts attribute the rise in the precious metals market to global economic uncertainty, increased geopolitical risks, and increased investor interest in safe-haven assets.