The price of gold rose on Tuesday by 0.22 percent, reaching a historical maximum of 3.184 euros (3.755 dollars) per ounce at 9:30 a.m. Central European Time.
In the past 12 months, gold moved between 2.150 euros (2.536.91 dollars) and 3.184 euros (3.755 dollars), achieving a growth of 42.8 percent.
Market expectations of further interest rate cuts by the Federal Reserve have strongly influenced commodity prices, especially gold.
After the insistence of the United States (U.S.) President Donald Trump, the Fed last week reduced the reference interest rate by 25 basis points.
For the October and December Fed sessions, markets expect new interest rate cuts.
Weak inflation data and rising unemployment, as well as Trump’s pressure, led the Fed to lower interest rates.
