The price of gold reached a new historical high on Thursday, according to information from trading platforms. At its peak, the price of the precious metal rose to $2,973 per ounce, but then declined slightly, stopping at around $2,970.9. This year, gold has shown impressive growth, increasing in price by more than 25%. This rapid rise is explained by the increased interest in the metal, which is related to the trade and geopolitical plans of the administration of US President Donald Trump. The increase in demand for gold is also supported by active purchases from central banks. Earlier this week, analysts revised their annual forecast for the cost of gold, raising the target to $3,100 per ounce. In their opinion, increased purchases from central banks will be a crucial factor for further growth. If economic uncertainty persists, related, for example, to tariff policy, the price may reach $ 3,300 per ounce, experts say.
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