According to data released by Bloomberg, the price of gold reached its new all-time high this Tuesday (April 2).
O value of gold continues to rise and this Tuesday, April 2nd, reached a new historical mark, with the price surpassing the 2,266 dollars per troy ounce – weight unit of the troy systemwhich is used in weighing precious metals and which is equivalent to 31.10 grams.
Considered a safe asset in times of uncertainty, gold has been sought after by investors as a form of protection against market volatility. This interest has been further driven by the continued adjustment of forecasts regarding interest rate cuts.
At 10:30 am this Tuesday (April 2) in Lisbon, according to data from Bloomberg, gold reached its new historical maximum, marking a value of $2,266.85 (€2,105.18 – corresponding value at the time of publication of this article) per troy ounceWhat represents an increase in 1.3% in relation to the price recorded at the close of this Monday, April 1st.
However, two and a half hours later (at 1 pm this Tuesday), the value of this precious metal fell slightly to $2,260.66 (€2,099.43) per troy ouncewhile still remaining 1% above Monday’s closing value, when gold was in value $2,238.17 (€2,078.34).
Throughout this year 2024, gold has registered a notable appreciation of 9.83%with the past month of March to stand out thanks to an increase in 7% in the price of this precious metal. This scenario thus reinforces investor confidence in the stability and ability of gold to preserve its value in times of economic and financial uncertainty.
