Gold prices continue to rise, exceeding the mark of $3000 per ounce for the first time in trading history. Despite the spike in the cost of precious metals, analysts expect further increases in its price in the near future.
"The level of $3000 per ounce is a significant moment for the gold market. Investors prefer to invest in non-risky assets, such as gold, during periods of uncertainty and instability," note the experts.
The reason for the increased interest in gold is also the threat of inflation due to large-scale measures to support the economy, adopted by many countries in connection with the pandemic. "In the current economic situation, many investors are trying to ensure their assets with gold," add the analysts.
