Affected by factors such as expectations of interest rate cuts by the Federal Reserve and tariffs imposed by the United States, the spot gold price in London continued to rise during the Asian trading session on the 13th, approaching the $4,060 per ounce mark during the session, reaching $4,059.84 per ounce, a record high.

Subsequently, the spot gold price in London continued to fluctuate at high levels. As of 11:00 a.m. Beijing time on the 13th, the spot gold price in London was reported at US $4,047.30 per ounce, an increase of 0.72%.

International gold prices rose more than 2% last week

Last week, affected by factors such as the still strong demand for gold from central banks, the Federal Reserve's expectation of interest rate cuts, and the still uncertain global economic outlook, international gold prices rose throughout the week, with the main contract price of gold futures on the New York Mercantile Exchange rising by 2.34%.

Since the beginning of this year, the futures price of the main gold contract on the New York Mercantile Exchange has increased by more than 51%. According to the World Gold Council, as of now, this year is the largest increase in gold prices since 1979.

Source: Central Finance News WeChat Public No.