Gold Price Surges Sharply

On Monday morning, November 10, the price of December gold futures surged sharply to $4054.3 per troy ounce, marking an increase of 1.16%. This was the first time since the end of October that the specified threshold was exceeded.

In the following hours, the precious metal's price continued to rise; by 07:15, it reached $4065, ensuring a 1.38% gain. Experts estimate that investor interest in gold remains strong amid uncertainty in global markets, which continues to contribute to the rise in the metal's price.

Earlier, RG presented forecasts on the movement of the Russian ruble, oil, and stock market for the week of November 10 to 16.