Gold strikes record high after topping $2,000 for first time

6 August

In the face of global turmoil, bullion has surged in value by more than a third and is one of 2020s best performing assets.

Gold has extended its rally – hitting a fresh record high – after soaring past the $2,000 (£1,523) an ounce mark for the first time in history as investors seek a safe haven.

Against the global market turmoil caused by the COVID-19 crisis, bullion has surged in value by more than a third so far this year and is one of 2020’s best performing assets.

Its attraction has been further fuelled by very low interest rates and widespread stimulus measures by global central banks to soften the economic blow of the coronavirus pandemic, sparking concerns over inflation and keeping bond yields historically low.

 

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