Factors that increase the price of gold

Until recently, the rise in gold prices has slowed down somewhat, but now it has started to rise again.

The price of gold futures has exceeded $4,500 per troy ounce, setting a new historical maximum. Although the price subsequently decreased slightly, it remains high compared to the level of recent days.

Overall, in 2025, the price of gold has increased by more than 70%. Interestingly, what factors are behind the sharp price increase and what might be the consequences of rising prices?

In this regard, economist Khalid Kerimli gave a comment to Baku TV.

"Recently, the US sending its warships to the shores of Venezuela is raising the price of gold. Because gold is a safe asset that feeds on tension," he said.

The expert explains the connection between the price of gold and the dollar by the fact that the precious metal is expressed in this currency. In this context, he believes that price increases will continue in 2026 as well. Economist Rashad Hasanov explains the rise in gold prices by the unpredictability of economic conditions and the geopolitical situation in the short term.

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