International gold prices broke record highs in nine years in the midst of conflict between the United States and China on the 24th.

On the New York Mercantile Exchange, delivery in August finished trading at $1,897.50, up 0.4% per ounce and $7.5 per ounce from the previous day.

It surpassed the previous record of $1,891.90 per ounce set on August 22, 2011.

This week's weekly rate of increase is also 5%.

It is analyzed that the increased demand for gold, which is a safe asset, has increased due to the confusing economic outlook following the aftermath of the Corona19 and the heightened conflict between the US and Chinese consulates.

The price of gold soared to $1,905.99 once in the middle of the week, as China faced a demand for the closure of the US consulate in Houston in the United States.

It was the highest price since September 2011 even at midday prices.

"The Gold Rally," over the coming months, perhaps several quarters in the coming months, is a long-term outlook, a very uncertain current macroeconomic environment, an unprecedented stimulus package, and interest rates near all-time lows, said Tyler Rich at Stevens Report Lab. It must have lasted for a while."