Gold finished trading above $2,100 for the first time and continues to grow

Gold prices closed Monday's trading at a historic high and continued to rise slightly on Tuesday.

April gold contracts on the New York Comex exchange rose 1.5% on Monday and ended at the highest level in history – $2,126.3 per troy ounce. On Tuesday, prices continued to rise by 0.2%, reaching $2,133 per ounce.

The rise in gold prices is supported by expectations of a reduction in key interest rates by the Federal Reserve System in the second half of 2024, analysts say.

In addition, there is a high demand for gold from the central banks of the world after the freezing of Russian gold and foreign exchange reserves in the EU and the United States in the amount of about $300 billion. According to experts, it seems that China, Saudi Arabia and other countries are now thinking whether they should keep all their assets in US government bonds.