That value represents a variation of 0.45% compared to yesterday’s closing cost.

In the past week, the price of gold has experienced a slight decrease of -0.17%; however, over the last year, it has shown a significant increase of 18.53%. This suggests that despite short-term fluctuations, gold has proven to be a profitable investment with steady growth potential in the long run.

Over the past 12 months, gold has reached a maximum price of $2,398.4 euros, while its lowest level has been $1,990.3 euros.

Gold has steadily increased since October last year, when it was trading near $1,830 per ounce.

Geopolitical conflicts and high global inflation have given it an even greater boost. In fact, the metal has surged by 10% in less than a month.

Silver prices (XAG/USD) rose on Wednesday. Silver traded at $26.38 per troy ounce, up 0.32% from $26.30 on Tuesday. Silver prices have increased by 3.57% since the beginning of the year.

The Gold/Silver ratio, which shows the number of troy ounces of silver needed to equal the value of one troy ounce of gold, stood at 86.59 on Wednesday, down from 86.93 on Tuesday.

Investors can use this ratio to determine the relative valuation of gold and silver. Some consider a high ratio to indicate that silver is undervalued or that gold is overvalued, and may buy silver or sell gold accordingly. Conversely, a low ratio could suggest that gold is undervalued relative to silver.