Baku: The price of gold continued to break its historical record, APA reports. The price of gold futures for February this year on the COMEX exchange increased by 0.86% to $4,955.6 at 3:00 a.m. Baku time.

According to Azeri-Press news agency, the last trading price of gold was $4,942.8. In total, the price increased by $35 during the day. At the same time, the price of gold in the spot market increased by 0.33% to $4,952.31.

It should be noted that the increase in gold prices is mainly explained by the weakening of risk appetite in global markets and investors' shift to safe assets.