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Gold has been actively rising in price since the beginning of 2020.
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Gold has risen to the highest level in six years amid rising tensions in the Middle East following the assassination of Iranian General Kassem Suleimani in the Iraqi capital.
The price rose by 2.3% and reaches 1588.13 dollars per ounce – this is the maximum since April 2013, reports TSN.
In Singapore, they traded at a price of $ 1,575.36 per ounce, and futures gained as much as 2.5% – $ 1,590.9.
In addition, palladium prices jumped 1.2% to $ 2,073.90 an ounce, a record high, while silver and platinum also rose in value.
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Gold has been actively rising in price since the beginning of 2020. The price indicator is the highest in almost a decade, which, in addition to geopolitical factors, is due to a weak dollar, low real rates and the consequences of a trade war to curb global growth.
In addition, gold is also valued for its best protection, which will contribute to further growth in value, writes Bloomberg. Against this background, shares of gold mining companies are getting more expensive.
As UNIAN reported earlier, in August 2019, December gold futures reached a six-year high on the New York Mercantile Exchange (COMEX). Then the price per ounce of precious metals increased by 1.17% and reached $ 1,503.30.
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