The price of gold is rising in trading on Thursday amid fears of escalation of Russian military aggression in Ukraine.
Quotes of futures with delivery in December on the Comex exchange are growing by 0.6% – up to $2668.3 per ounce. Over the past five sessions, the precious metal rose in price by 3.8%.
Earlier this year, gold was over $2800 an ounce, but prices pulled back after Donald Trump’s victory in the US presidential election.
Peter Spina, founder of GoldSeek.com, said in an interview with MarketWatch that the precious metal could exceed $3,000 an ounce next year.
