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Gold hits record highs amid US-Russia talks on Ukraine

20 February 2025 16:48by Николаева Людмила

Precious metal price reaches historic high on market expectations

New high

On 19 February, the price of gold set a new record, reaching $2,943.69 per troy ounce. According to Reuters, by 11:38 Kyiv time, the metal's value had risen by 0.28%.

Uncertainty factor

Investors are closely monitoring negotiations between the US and Russia regarding the resolution of the war in Ukraine. Market participants view gold as a reliable asset amid geopolitical instability, which contributes to the increase in its value.

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Gold hits record highs amid US-Russia talks on Ukraine

New high

Uncertainty factor

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