Gold prices hit record high

The price of gold hit an all-time high today, breaking the $3 110 per ounce threshold. And silver climbed to its highest level in 13 years, according to Trading Economics.

The rise is being fueled by increased investor interest in safe-haven assets amid heightened tensions in global trade.

Tensions heightened after international media reported that Donald Trump is set to announce on Wednesday a plan to increase tariffs on goods from a wide range of countries, adding to volatility in financial markets, IPN reports.

On the Comex exchange, futures for April delivery rose 1% on Monday to $3,118 an ounce. Since the start of the year, gold is up about 18%, marking its biggest quarterly advance since 1986.

In parallel, the price of silver rose 0.6% to $34.855 an ounce, its highest level in 13 years.

According to Goldman Sachs estimates, the price of gold could reach as high as $3300 an ounce by the end of the year if geopolitical and trade tensions continue to deepen.

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Ukraine is redirecting its grain exports to alternative routes after Russian attacks on Black Sea ports disrupted maritime transport. According to the Ukrainian Minister of Agriculture, Taras Vysotskyi, the new routes will be able to handle at most half of the volume previously exported through the ports in the Odessa region, and full capacity is expected to be reached only by the end of August, reports IPN, citing Reuters.

The Ukrainian official specifies that over 30 million tons of cereals and oilseeds risk not reaching international markets if the situation in the Black Sea does not improve. The direct losses for the Ukrainian agricultural sector are estimated between 1.5 and 3 billion dollars this year.

The Ministry of Infrastructure in Kiev reports that in July, there were 35 attacks on ships in ports, 22 on ships at sea, and 67 on port infrastructure. Ukrainian producers are already feeling the effects of the blockade, and the prices of cereals and oilseeds have dropped by about 30%.

Ukraine is striving to maintain exports via rail, road, and the Danube. However, these routes can only ensure about 50-55% of the volume of approximately six million tons exported monthly through the Black Sea ports. In addition, logistical costs have risen by 45-50 dollars for each ton exported.

Russia asserts that its attacks are aimed solely at military targets and maintains that Russian agricultural infrastructure and commercial vessels in the Black Sea have, in turn, been the target of attacks.

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Gold prices hit record high

The price of gold hit an all-time high today, breaking the $3 110 per ounce threshold. And silver climbed to its highest level in 13 years, according to Trading Economics.

The rise is being fueled by increased investor interest in safe-haven assets amid heightened tensions in global trade.

Tensions heightened after international media reported that Donald Trump is set to announce on Wednesday a plan to increase tariffs on goods from a wide range of countries, adding to volatility in financial markets, IPN reports.

On the Comex exchange, futures for April delivery rose 1% on Monday to $3,118 an ounce. Since the start of the year, gold is up about 18%, marking its biggest quarterly advance since 1986.

In parallel, the price of silver rose 0.6% to $34.855 an ounce, its highest level in 13 years.

According to Goldman Sachs estimates, the price of gold could reach as high as $3300 an ounce by the end of the year if geopolitical and trade tensions continue to deepen.

📢 IPN este și pe Google News. Abonați-vă!


The Geneza Art Theater presents the show “Moon Sonata” /Geneza Art /at 06:00 PM/.

Over 50 young musicians from the Republic of Moldova and Romania are holding a classical music concert, under the baton of conductor Andrew Koehler from the USA /Epicrama Winery, Stauceni /at 07:00 PM/.

Yolka Band organizes a night of live music in gypsy jazz style at /Iusty Art Gallery /at 07:30 PM/.

The exhibition “Bessarabian Authors in the World” continues, inaugurated during the Diaspora Days 2026 /National Library of the Republic of Moldova /August 3-September 3/.

The exhibition “The Unknown Work of the Moldavian Masters” continues /Constantin Brancusi Exhibition Center/ /July 30-August 16/.

The personal exhibition Untitled by the artist Konstantin Benkovich continues, organized by the National Art Museum of Moldova, in partnership with the ALT Foundation /MNAM /July 30-August 30/.

The immersive exhibition continues, inspired by the mythology and mystical folklore of the Republic of Moldova, “The Forest”, created by Milen Chelea /Plai Gallery / July 23-August 6/.

The exhibition “Scent of Warm Bread. Bread in the Iron Age” continues /National Museum of History of Moldova /July 22 – September 4/.

The exhibition “Urban Archeology and the Hidden Memory of Chisinau” continues /National Museum of History of Moldova /July 17-November 30/.

The exhibition “The Thread of Identity! The traditional Romanian costume in book illustrations made by plastic artists from the Republic of Moldova” continues /BNRM /June 25-August 15/.

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1 IANUARIE, 2025
1 IANUARIE, 2025