This Monday, under investor pressure, the price of gold rose by more than 2%, reaching a record $1945.16 per ounce. It broke through the historical high of 1921 US dollars set in September 2011 in the past decade.
The Financial Times said that the increasing severity of the new crown pneumonia epidemic in the United States has caused the dollar to fall and gold prices have risen. Anxious investors have chosen precious metals as their main investment channel during the epidemic. On Monday, the U.S. dollar fell to its lowest point against many currencies since June 2018. This is another good news for people who buy gold with people other than the U.S. dollar.
Overall, gold has risen by nearly a third this year. According to data from the World Gold Council, investors used $7.4 billion in cash for gold transactions this month. In the first half of the year, the total investment reached a record 40 billion US dollars. (Headquarters reporter Zheng Yan)