Gold price sets new historical record

On August 8, gold futures on the Chicago Mercantile Exchange (CME) rose by 2.32 percent to $3,534.1 per ounce, setting a new record, according to CME data.

By 10:26 Tashkent time, the growth rate had slowed to 1.13 percent, with prices retreating to $3,493 per ounce. The previous record was set on April 22 this year at $3,509.9 per ounce.

According to Reuters, the surge followed news that the United States had imposed a duty on imports of gold bars weighing one kilogram. Analysts believe this decision could significantly reshape the precious metals market and potentially strain relations between the United States and Switzerland, as the U.S. is one of Switzerland’s most important export destinations.

It is worth noting that in June this year, the Central Bank of Uzbekistan became the world’s largest gold buyer, purchasing nine tons of the precious metal. Since the beginning of the year, Poland has been the top buyer, acquiring 67 tons in the first six months. Azerbaijan’s State Oil Fund ranks second with 35 tons, followed by Kazakhstan with 22 tons.