On Thursday, March 21, world gold prices reached a new historical high. The price of the precious metal rose by almost 3% and for the first time in the entire period of observation exceeded $2,225 per troy ounce.
Experts attribute this to the weakening of the dollar on the world market after the US Federal Reserve meeting. The day before, the American regulator confirmed its plans to begin reducing interest rates this year. As a result of such actions, the US national currency traditionally becomes cheaper and gold becomes a more attractive asset for investors.