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Hitting $2,500 an ounce for the first time in history, spot gold prices climbed more than 2% on August 16, surpassing the record set last month.

Since the main upward trend began in March this year, the gold price has quickly broken through the 2,200, 2,300, and 2,400 US dollar mark, and recently broke through 2,500 US dollars again. Not only have domestic gold ETFs (Exchange Traded Funds) made significant periodic floating profits, but in the long run, the cumulative increase in gold since 2016 has exceeded 130%.

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Gold price hits new record again

On the evening of August 16, the global financial market ushered in a historic moment——Spot gold price breaks $2,500 an ounce for the first time。

At the end of New York trading, spot gold rose 2.07% to $2,507.33 per ounce. At 4:12 am Beijing time, it hit a record high of $2,509.75 per ounce, and rose 3.19% this week.Spot silver rose 2.20% to $28.9793 per ounce, up 5.54% this week.