Business The price of gold reaches a record high

The price of gold reaches a record high

The price of gold in the Asian market rose for a while to 1944.71 dollars (1675.32 euros) per ounce on Monday, exceeding the previous record of 1921.18 dollars (1655.05 euros), which was registered in 2011.

The rise in the price of gold is also driven by the depreciation of the US dollar against other currencies due to ambitious monetary stimulus measures in the United States.

Analysts predict that the price of gold could exceed as much as $ 2,000 an ounce.

Gold investors also see it as a so-called safe haven asset at a time when US-China relations are intensifying.

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