Gold has risen by a record since 2020

The price of gold has exceeded $ 2,000 an ounce – its highest level since September 2020, AFP reported.

The agency notes that investors have turned to this safe haven amid fears about the consequences of the war in Ukraine on the world economy.

The price of gold rose in Asian trade today to $ 2,000.86 an ounce.

Oil, meanwhile, has risen to its 14-year high. The price of the Brent North Sea variety at one point approached $ 140 a barrel. Investors fear that if a ceasefire is not reached in Ukraine, oil prices will continue to rise.

The exchange rate of the Chinese yuan rose to an all-time high against a basket of major world currencies, according to Reuters.

This happened despite the fact that before the start of trading, the Chinese central bank fixed it at 6.4378 yuan for 1 dollar – its lowest level since February 22.

Amid fears of stagflation over the war in Ukraine, the leading stock market indices in Tokyo and Hong Kong lost 3 percent of their value at the start of trading today.

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