The price of gold has risen to its highest level since 2011. The price rose on the London Stock Exchange to over $ 1,800 an ounce.
The price of gold is raised by its position as a so-called safe haven, to which investors transfer their funds in times of uncertainty. Other ports of refuge include German government bonds.
Carlo Alberto De Casa, chief analyst at ActivTrades, sees the rise in the price of gold as no surprise. According to him, investors continue to buy shares, but seek to hedge against a possible fall in stock prices.
Another factor in the gold price rally is investors ’fear of a long-term acceleration in inflation as central banks squeeze money into the market.
The peak price for gold is $ 1,921.18 an ounce.
Taloussanomat said last week that Finns have been excited this year to invest in gold, which is considered a safe haven. There was a special spike in the spring, but there has been a resurgence again in recent weeks.
Both selling and buying gold are of interest.
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