Global gold price growth of $ 6.6

In today’s trading in the global precious metals market, the price of gold rose by $ 6 and 60 cents to $ 1928 and 30 cents per ounce.

The price was $ 25.10 a month earlier and $ 200.90 a year earlier. Silver rose 16 cents to $ 24.93 an ounce today.

Platinum was the only element that was depreciating today, falling $ 1 and is now trading at $ 1,019 an ounce. Palladium rose $ 7 to $ 2,438 an ounce.

According to Reuters, the reason for the rise in gold prices today was inflation and the crisis in Ukraine. Investors are trying to protect their assets from exposure to inflationary devaluation by storing gold.

On the other hand, the continuation and relative intensification of the military conflict between Russia and Ukraine has increased the demand for gold as a safe haven.

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