The precious metal reached US$2,538.60 during the day, although at 5:45 p.m. peninsular time it was trading at US$2,528.50, 1.45% more than at the opening.

The ounce of gold, the safe haven asset par excellence, has broken a new record this afternoon after surpassing US$2,500 for the first time in its history in a context marked by optimism regarding possible interest rate cuts in the United States (Fed) and geopolitical instability, according to market data consulted by Europa Press .

The precious metal reached US$2,538.60 during the day, although at 5:45 p.m. peninsular time it was trading at US$2,528.50, 1.45% more than at the opening.

Investors are awaiting the Federal Reserve's September meeting, which could see the first rate cut since the central bank stopped raising rates last summer.

The latest US economic data would support this possibility, which offers good prospects for the price of gold given that a lower price of money benefits the safe haven asset since it is not subject to interest.

The metal is also said to be affected by the instability in Ukraine and the Middle East, which has been chronic since the beginning of the war in Gaza and which has recently skyrocketed due to Iran's intended response to the attack in Tehran that killed the leader of the political wing of Hamas, Ismail Haniyah.