Gold prices rose to an unprecedented record yesterday, as demand for the yellow metal strengthened as a safe haven, due to concerns about the economic repercussions of the growth of «Covid-19» injuries.
The spot price of gold stabilized at $ 1973.75 an ounce, after hitting a record high of $ 1984.66 in early Asian trade. In turn, US gold futures rose 0.3% to 1992.10 dollars.
Michael McCarthy, chief strategist at CMC Markets, said that sentiment was deteriorating in various markets, noting that growing infection rates were a real concern to the world and a source of real support for gold prices. In turn, silver fell 0.5% to $ 24.26 an ounce, platinum fell 1% to record $ 897.61, while palladium settled at $ 2090.22 an ounce.