Gold has exceeded $2,400 per ounce for the first time in history

Gold prices reached a new record in Friday trading, breaking the $2,400 per ounce level for the first time in history. At the moment, precious metals quotes touched the $2,418 per ounce mark. Since the beginning of the year, the value of gold has increased by more than 14%.

In general, the increase in prices for precious metals is due to expectations of a Federal Reserve interest rate cut, high geopolitical risks and active demand from central banks. Analysts predict that these factors will remain relevant and growth will continue.

Thu Lan Nguyen, head of commodity market research at Commerzbank, noted that only secondary statistics from the United States are expected next week, and gold will not experience significant pressure. 

Analysts note technical resistance levels in the areas of $2,450, $2,500 and $2,645 per ounce, while emphasizing that any correction, if it occurs, will most likely be insignificant.