Three 1kg gold bullion bars worth over 155,00 GBP lay on the counter in a gold dealers in Birmingham's jewelry quarter on December 13, 2023 in Birmingham, England.
Gold prices have increased since the Ukraine War but have soared to record highs since the start of the Hamas-Israel war.
Other factors are the weakening US dollar and expected rate cuts from the Federal Reserve.
Spot gold rose 0.2% to $2,015.83 per ounce by 0424 GMT.
Spot silver rose 0.4% to $22.76 per ounce, platinum climbed 0.3% $901.53, and palladium gained 0.1% to $964.07.
Persons:
Kyle Rodda
Organizations:
Federal Reserve, Fed, European Central Bank
Locations:
Birmingham, England, Ukraine, Israel, U.S