Gold reached a record high as markets anticipated the Federal Reserve's first monetary policy easing in over four years, News.Az reports citing Bloomberg .

Experts predict significant fluctuations in silver prices in the coming years, driven by global economic factors. In August 2024, the price of silver is expected to decrease to $28.53 per ounce, with a further decline to $27.90 possible by September. Early 2025 may see a short-term increase, with prices surpassing $30 per ounce; however, they are likely to drop back to $28 by the end of the year, News.Az reports citing Agency for Economic Forecasting.

Gold prices reached historic highs on August 1, breaking the $2,500 mark on the New York Comex exchange. The precious metal reached a price of $2,502.6 for the first time in its history, influenced by the U.S. Federal Reserve’s decision to leave interest rates unchanged, geopolitical risks, and the constant demand from central banks.