Gold prices reached historical levels

Spot gold prices reached an all-time high after the sharp decline in the dollar and concerns about the global economy strengthened safe haven purchases.

Spot gold rose to $1,944.71 per ounce, surpassing its all-time high of $1,921.17 set in 2011. The ounce price of gold, which reached $1,944.95 at around 06:15 in the morning, later stabilized slightly below record levels. As of 07:55, gold transactions were carried out at $ 1,932.

Why is gold rising today?

In international markets, the spot gold price comes to the fore as record-setting developments due to increasing coronavirus cases and the UK’s resumption of quarantine for those returning from Spain, increasing concerns that coronavirus measures may come to the fore again around the world.

The rise in gold is accompanied by silver

Silver also kept pace with the upward movement in gold prices. The price of silver rose above the $24 per ounce level for the first time since May 2013. The silver price reached $24.40/ounce.

The price of silver has increased by 25.5 percent in the last week and 34.7 percent since the beginning of the year.

Source: https://www.dunya.com/finans/haberler/altin-fiyatlari-tarihi-seviyeleri-gordu-haberi-476235

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