Gold futures for February delivery on the Comex exchange rose above $4,700 per troy ounce on January 20, according to Kommersant, setting a new record. The previous high of $4,600 was reached on January 14.
The precious metal has been rising in value since 2024, as investors view gold as a safe haven amid global tensions. Analysts at Goldman Sachs and Bank of America expect prices could exceed $5,000 per ounce this year.
In Uzbekistan, prices for gold bars start at 9.2 mln soums ($763.38) for a five-gram bar and 18.4 mln soums ($1,526.75) for a ten-gram bar. A 20-gram bar begins at 36.9 mln soums ($3,061.81), 50 grams at 92.4 mln soums ($7,666.96), and 100 grams at 184.8 mln soums ($15,333.92).
Kursiv also reports that Uzbekistan plans to launch gold futures by 2026-2027.
