Gold price set a new historical record above US$2,265 per ounce

He goldone of the assets considered a refuge in times of uncertainty, recorded a new all-time high this Monday, above $2,265 per ounce, given the expectation that interest rates will soon drop in USA.

In accordance with Bloombergthe metal reached that peak shortly after midnight, but at mid-session on Wall Street (17:00 GMT) it moderated to $2,238 per ounce.

Gold already rose at the end of last week to $2,225, and, according to analysts, the main factors are the forecasts that the US Federal Reserve (Fed) start lowering rates this year and the strong demand for the asset in other markets.

The Fed has kept interest rates unchanged since July 2023, at 5.25% to 5.5%, its highest level since 2001, and has taken a cautious stance due to persistent inflation, but recently anticipated those expected drops.

Experts believe that the Fed will most likely leave rates unchanged again at its May meeting and dictate a rate cut in June; They expect three drops in total this year.

The “rally” of the gold metal also responds to the sustained purchases of a good number of central banks, which seek to diversify their reserves in the face of geopolitical risks, inflation and the weakness of the dollar, the market strategist told CNBC. Joseph Cavatonifrom the firm World Gold Council.

Since the beginning of 2023, gold has appreciated around 9%.