The cost of a gram of gold first established a psychological significance at 100 dollars. This happened due to the strengthening of the dollar and treasuries' positioning in the bond markets.
On global markets, the price of gold increased to levels above 100 dollars per gram. This rise was triggered by investors' concerns due to the possible slowdown of economic development.
"This is a historic moment for the precious metals market. The potential slowdown of the global economy compels investors to turn to safe-haven assets such as gold," noted a financial analyst.
Experts suggest that the price of gold may continue to rise in the near future, especially if the uncertainty in the bond markets persists and the dollar strengthens.
