The growth of gold prices continues, and in February this trend was confirmed, reaching new highs before declining to $2835 per ounce by the end of the month, an increase of 0.8% for the month. This is stated in the monthly report of the World Gold Council.
According to the report, interest in gold has intensified due to the ongoing influx of gold into COMEX warehouses, caused by persistent uncertainty regarding customs duties, which has led to an expansion of profits since the beginning of the year by 9%.
"According to the model of gold income assignment (GRAM), the dollar weakened against other major currencies, which made gold a supplementary attractive option for investors," the report noted.
Thus, the rise in gold prices continues, strengthening its position in global financial markets.
