Gold is creating history one after another in the international market. The safe-haven metal hit another record high on Wednesday (April 3). For the first time, the price per ounce rose to $2,294. It is a new precedent in the world market. This information was found in a CNBC report citing the news agency Reuters.

It says that the number of jobs in the United States has increased in recent times. Inflation has also been higher than expected. However, the country's central bank, the Federal Reserve (Fed), wants to reduce interest rates. As a result, the value of the US currency, the dollar, has fallen. The bullion market has strengthened for good reason.

In this context, the global benchmark gold price rose by 0.5 percent in the spot market during the business day in question. The price settled at $2,292 31 cents an ounce. At the beginning of the day it was 2,294 dollars 99 cents. It is the highest ever in world history. The world has never seen such a price before.

Tai Wang, a New York-based independent metal trader, said Fed Chairman Jerome Powell indicated that he would not adopt a tighter monetary policy this year. After that, the price of gold rose to another historic high. I think the price will reach $2300 an ounce soon. Investors will be more attracted to it.

The Fed's policy makers will meet on June 11-12. It is assumed that they will announce interest rate reduction at that time. If this happens, the price of gold will increase further.