2023-10-23 19:55:10
The gold price rose to a record high of 60,050 euros last weekend. Never before has so much money been offered for 1 kilo of gold. The precious metal is popular among investors as a safe haven in economically turbulent times.
The previous record in euros was set in May. The new peak in the gold price is caused by the war in Israel. The price has been on the rise for some time, Reinoud Bogert of gold specialist Doijer & Kalff told the news agency ANP.
According to Bogert, the gold price has risen sharply in the past ten years due to the policies of the central banks. Recently, tensions in Ukraine and the Middle East have been added. “It is this cocktail that has set the gold price to a new record,” Bogert explains.
In uncertain times, investors see gold as a safe haven. For example, the last record in US dollars dates from August 2020, in the middle of the corona pandemic.
The gold price in US dollars has also been climbing in recent weeks. Investors are looking at the symbolic limit of 2,000 dollars per troy ounce (31.1 grams) of gold. It has not yet reached that point, because halfway through Monday gold cost 1,980.40 dollars (more than 1,866 euros) per troy ounce.
1698091390
#Gold #price #breaks #record #due #economic #uncertainty #among #investors #Economy
