Why is the price of gold hitting record highs? | Business and Economy News

The gold market is booming as investors seek a safe haven for their investments amid global economic uncertainty.

The price of gold has risen by nearly a third over the past year, surpassing $3,550 per ounce on Wednesday to hit an all-time high.

Some analysts expect prices to keep climbing amid a tumultuous geopolitical environment.

Gold has long been favoured by investors during periods of uncertainty or upheaval because its value is considered relatively…

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News Source: www.aljazeera.com

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