The price of gold continues its upward trajectory, setting new records daily in a period marked by increasing economic and geopolitical uncertainties.

Gold futures for June delivery surpassed the $2,300 threshold, touching $2,305 per ounce today. Similarly, silver also experienced a significant rise, reaching $26 per ounce, its highest price in the last two years.

The anticipation of new monetary policies by the world's two major central banks - the Fed and the European Central Bank - starting with interest rate reductions this summer, is influencing gold investors.

In the Eurozone, a rate cut from June would make interest-bearing "products" less attractive to investors, who tend to shy away from bonds due to falling yields, typically benefiting gold demand.

Currently, there are no indications that central banks are reducing their gold purchases. Whether interest rates have decreased in the Eurozone is irrelevant for this buyer group. Interest rate reductions in the US are also of secondary importance for central banks' gold purchases, but they have the advantage of lowering the dollar's parity. Gold then tends to become cheaper in the global market.

In recent years, the central banks of Russia and China, among others, have been regular major gold buyers in the global market, increasing their gold reserves by tens of tons.