Those who want to earn money have made gold their first choice! It broke records a total of 35 times in one year.

The price of gold per ounce has gained 33% throughout the year, supported by the presidential elections in the U.S., conflicts in the Middle East, and global economic uncertainties. Some analysts predict that if interest rate cuts continue, the price of gold per ounce could reach three thousand dollars by the end of the year. The purchases of gold by central banks and geopolitical risks are increasing the demand for gold as a safe haven, while the decline in interest rates is also making the demand more attractive.

IT HAS BROKEN RECORDS 35 TIMES THIS YEAR!

In the gold market, geopolitical tensions and uncertainties regarding the upcoming presidential elections in the U.S. continue to support the price of gold per ounce upward. The price of gold has set a new record 35 times this year, as it is sought after as a safe haven due to ongoing conflicts in the Middle East, the economic policy uncertainties created by the U.S. presidential elections, and the monetary policies of central banks.

INTEREST RATE CUTS ALSO BENEFIT GOLD

Recent expectations that the U.S. Federal Reserve will continue to cut interest rates also support the demand for gold. The decline in interest rates worldwide makes gold attractive, while the increase in geopolitical uncertainties has led investors to turn to gold in their search for a safe haven, driving prices upward.

Analysts state that gold prices will continue to rise in the short term, depending on the U.S. elections and central bank purchases. They also note that if Republican candidate Donald Trump wins the upcoming U.S. presidential elections, tax cuts and tariffs that will increase the budget deficit could further support gold prices upward.