1944,71 dollars for Troy ounce: gold price climbs to record high

Gold is because of the economic consequences of the Corona-crisis is as expensive as never before. In the night from Sunday to Monday, the price for a Troy ounc

1944,71 dollars for Troy ounce: gold price climbs to record high

Gold is because of the economic consequences of the Corona-crisis is as expensive as never before. In the night from Sunday to Monday, the price for a Troy ounce (31.1 grams) of rose to 1944,71 Dollar and surpassing the previous record high of around 1921 Dollar in September 2011. Finally, the course will crumbled a little, but was still around one and a half percent in 1932 dollars.

the gold put price in this year already to a little more than a quarter, where it increased especially since mid-June, strong. At the beginning of the Corona crash in the financial markets, Gold lost its value, although the precious metal is regarded as a currency in times of Crisis. In mid-March, a fine cost ounce temporarily less than 1500 dollars.

Gold is currently due to a number of developments among investors very popular. A main reason is the Corona pandemic, with its drastic economic consequences. The high level of uncertainty about the progress of the crisis, the sharply rising debt of States and companies, as well as the persistently low interest rates in the world. Gold is regarded as a crisis and inflation protection.

Updated Date: 27 July 2020, 06:19

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