Gold price hits record high

The price of gold on the world market has exceeded $3,250. This increase is due to trade wars, global economic tensions and the depreciation of the US dollar, Interfax reported.

June futures on the Comex exchange rose 2.2 percent to $3,246.2, and were trading at $3,255.9. This is considered an absolute historical record.

Experts note that the DXY index has fallen to its lowest level since 2022 and foreign investor confidence has declined. Tariff tensions between the US and China have further increased the risk of a global crisis.

Investors are currently turning to gold as a safe-haven asset, the report said.

UBS analyst Giovanni Staunovo estimates that gold prices could rise to $3,400–3,500 in the coming months. The price of gold, which was $1,900 in 2023, exceeded $3,250 for the first time in April 2025.