Gold price retreats slightly from record high: key factors
13 January 14:05
The price of gold fell slightly on Tuesday, January 13, without straying far from the historic high reached the day before. Investors are cautious amid geopolitical tensions and are preparing for the release of key US inflation data this afternoon.
This was reported by "Komersant Ukrainian" with reference to Reuters.
The spot price of gold fell 0.17% to $4,585.81 per troy ounce at 12:55 p.m. Kyiv time. The day before, the precious metal hit a record high of $4,629.94.
Investors expect interest rates to fall in 2026, and today’s CPI release should provide new signals about the future trajectory of monetary policy. US President Donald Trump said on Monday that countries that do business with Iran will face 25% tariffs on trade with the United States.
“With gold prices settling above $4,500, helped by a bearish outlook for the dollar and inevitable geopolitical uncertainty, the $5,000 level seems increasingly achievable and could be tested in the first half of the year,” said Ricardo Evangelista of ActivTrades.
Silver rose 0.92% to $85.73 per ounce, setting a historic record of $86.22.
Palladium fell 1.1% to $1,822.25 per ounce, while platinum fell 0.1% to $2,340.69.
