Gold prices reach record high on global markets

Gold futures surged to a historic high on global commodity markets, with one troy ounce (31.1 grams) reaching $3,653, up 1.29% on the New York COMEX exchange, SİA reports

Silver December futures also edged higher, rising 0.33% to $41.5 per ounce.

Analysts attribute the sharp rise in gold prices to weaker employment data in the United States, increasing expectations of interest rate cuts by the Federal Reserve (FED), a weakening dollar, and growing demand for gold from central banks. In addition, global economic and political uncertainties are driving investors to seek gold as a safe-haven asset.

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