Gold price exceeded $5000 per ounce
Precious metals market hits historic highs: gold market cap reaches $35 trillion, silver $6 trillion.
The price of a gold ounce has historically surpassed the $5,000 mark for the first time. At the same time, the market capitalization of silver reached $6 trillion. The total capitalization of the precious metals market reached $35 trillion. According to data, the combined value of the largest technology giants, including Nvidia, is nine times smaller than the market value of gold. Experts note that demand for safe-haven assets continues to grow, contributing to rising prices for gold and silver.
Context
The precious metals market traditionally reacts to economic and geopolitical uncertainties, attracting investors as a safe asset.
Gold price exceeded $5,000 per ounce, and precious metals market capitalization reached $35 trillion, largely due to increased demand for safe-haven assets.
- Category: Economy
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- Source: https://t.me/newsby_btrc/186252
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