The price of gold has risen to $1,500 an ounce (£1,234.45 at market rates on Wednesday) for the first time in six years as investors seek shelter in low-risk assets amid concerns about the global economy.
The spot gold price rose 1.75% to $1,500.29, its highest level since 2013, taking the metal’s gains this year to 17%.
Gold is considered a safe haven asset and investors traditionally buy into the precious metal at times of economic or political instability. » | Sean Farrell | Wednesday, August 7, 2019
