Gold prices continue to rise, reaching a new historical maximum of $2956.11 per ounce during global market trading.
Experts note that the increasing value of gold is fueled by instability in the bond and currency markets, caused by the COVID-19 pandemic. Investors prefer to invest funds in precious metals, considering them to be safer assets during financial turmoil.
"The new record-high price level for gold is a reflection of the increasing anxiety of investors due to the global economy and the search for safe havens for their investments," experts point out.
According to analysts, the price of gold may be sustained in the near future if the uncertainty in global markets persists and demand for safe assets continues.
