Gold: Price reaches historic record high. A troy ounce (around 31.1 grams) cost a peak of $2,185 on the London Stock Exchange.
The price of gold is driven primarily by speculation about falling key interest rates in the USA and the Eurozone. Gold, which is considered a crisis currency, is also in demand because of numerous geopolitical risks such as the wars in Ukraine and Gaza. The positive image of the precious metal is partly based more on the myth of gold than on actual advantages.