Gold price has renewed its historical maximum

The price of gold on July 27 renewed its all-time high set in 2011. As of 16:30 Kiev time, the price of the August gold futures on the New York Comex stock exchange reached over $ 1,934 per ounce, but during the day the price rose even higher – over $ 1,944 per ounce. According to AFP, the previous absolute record was set in September 2011, when an ounce of gold was worth about $ 1,921.

Gold rises in price against the background of the coronavirus pandemic. Investors invest their money in gold because they consider it a safe asset, Bloomberg explains.

Leave a Reply

Your email address will not be published.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>