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Gold price hits new all-time highs: Above $5,000 per ounce

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The price of gold continued its moderate growth on global markets, reaching all-time highs with trading in the range of $5,079 to $5,186 per troy ounce. The increase is driven by global concerns about rising inflation due to the oil crisis.

Analysts identify several factors behind the growth: expected cuts to the US Federal Reserve's interest rates, heightened geopolitical tensions, and financial market instability. The price of gold had previously nearly surpassed the psychological threshold of $5,000 per ounce.

In physical form, the American "Gold Eagle" (1 oz) is selling for approximately $5,434, while refined gold bars are trading around $5,384. Market analysts note that gold remains a key safe haven for investors amid global uncertainty.

Meanwhile, the euro remains under pressure against the dollar, trading around $1.1611. Markets are carefully watching US inflation data that could influence interest rate movements and precious metals in the coming days.