Gold prices as of today during trading on the Comex exchange (a division of the New York Mercantile Exchange) for the first time since July 5, rose above $1,800 an ounce. Information about this follows from trading floor data.

The precious metal was up 0.94% to $1,804.5 per troy ounce at 3:34pm At the same time, silver price was at $20.46 per troy ounce (+0.46%) during trading on the Comex.

By 6:22pm, gold started decreasing in price and already cost $1,794.4 per troy ounce. Silver was traded by that time at $20.29 per troy ounce.

Bloomberg attributed the rise in gold prices to investors’ desire to invest in protective assets amid geopolitical tensions. The agency connected what is happening in the market with the visit of U.S. House Speaker Nancy Pelosi to Taiwan – a partially recognized state in East Asia.

Earlier, it was reported that U.S. House Speaker Nancy Pelosi would arrive in Taipei on Tuesday night. China has promised to take “tough and decisive measures” in this case.