Gold futures and spot contracts have risen since the beginning of April above two thousand dollars an ounce for the first time since August 2020. The price of an ounce of gold earlier this month reached $ 2024, near the historic peak recorded in August 2020, which was then $ 2073.
Gold is a store of value, used as an inflation hedge and a safe haven in times of geopolitical crisis and economic and financial turmoil. Gold has also turned into one of the most important reserve assets for central banks around the world, with total reserves of 35.5 thousand tons.