Published
02/26/2025, 12:00The repurchase price of an ounce of gold bullion bars of the National Bank of Kyrgyzstan for 26 February is set at KGS 259 thousand 214.5.
A day earlier, the regulator bought back bars weighing 31.1035 grams from the population at KGS 259 thousand 97.5. Thus, the ounce rose in price by 0.04%.
We would like to add that last week gold prices reached record levels, having shown a steady growth amid global uncertainty and political tension. On Tuesday, gold rose 0.97% to reach $2,952.4 per ounce. This was despite the US dollar index strengthening by 0.31% to 106.935.
Market attention focused on the policies of Donald Trump's administration, which raised concerns about a possible rise in inflation and global economic stability.
According to a Bank of America survey, 58% of investors see gold as the most promising asset to protect against a possible trade war, while only 15% support the US dollar. This interest in gold is driven by rising geopolitical tensions and policy uncertainty, making it attractive to investors looking to hedge against possible outcomes.
