The spot price of gold exceeded $5,000 per troy ounce for the first time on Monday amid growing demand for safe-haven assets. As of 8:02 a.m., the spot price of gold rose 1.8% to $5,078.54 per ounce, reaching $5,093.05 per ounce during the session.
The price is supported by fears of another US government shutdown and the weakening of the dollar: the DXY index, which reflects the dynamics of the US currency against six major world currencies, is down 0.5%.
Since the beginning of the year, gold has risen in price by 15.5%.
Earlier, the Experts Club analytical center presented an analysis of the world’s leading gold-producing countries in its video on YouTube channel — https://youtube.com/shorts/DWbzJ1e2tJc?si=BywddHO-JFWFqUFA
