The price of gold, one of the safe haven assets in times of uncertainty, reached a new all-time high of $2,790 per ounce this Thursday, although it later lost strength.
The gold metal reached $2,790.1 per ounce at 1:05 a.m. in Lisbon, although at 10:10 a.m. it fell to $2,777.04, 0.42% less than at Wednesday’s close.
On Wednesday, an ounce of gold closed the session at an all-time high of $2,788.66.
Gold is at record highs, driven by the situation in the Middle East, uncertainty surrounding the US presidential election and expectations of further interest rate cuts.
Other factors highlighted by the analysts cited by Efe are the purchases of gold by central banks and the demand for the precious metal in Asia.
Source: Observadora
