As investors seek security, gold prices rise to record highs BNN

As investors sought safe investment opportunities, the price of gold in the world reached a record high on Monday, July 27.

Analysts say investors are worried about tensions in US-China relations, the rise in coronavirus infections in the US, and the inability of politicians to agree on a new stimulus package in Congress.

In addition, the rise in the price of gold is also driven by the depreciation of the US dollar due to the forthcoming decision of the US Federal Reserve to keep the key interest rate at a record low.

The price of gold rose to $ 1,945.72 per troy ounce on Monday, surpassing the previous record of $ 1,921.18 per troy ounce recorded in 2011.

Since the beginning of this year, the price of gold has risen by more than 25%, but on Monday the rise was 2%.

There was no uniform trend on stock exchanges on Monday. On Wall Street, stock prices rose, while in London and Paris they fell.

US stock index Dow Jones Industrial Average On July 27, the index rose 0.4% to 26,584.77 points Standard & Poor’s 500 rose 0.7% to 3239.41 points, but the index Nasdaq Composite increased by 1.7% to 10,536.27 points.

The London Stock Exchange index FTSE 100 fell by 0.3% to 6104.88 points on Monday, the Frankfurt stock exchange index DAX 30 remained almost unchanged and at the end of the trading session was 12,838.66 points, while the Paris stock exchange index CAC 40 fell by 0.3% to 4939 .62 points.

In the electronic trading of the New York Stock Exchange, the price of WTI crude oil increased by 0.8% on Monday to USD 41.60 per barrel. Brent The price of crude oil on the London Stock Exchange rose by 0.2% to $ 43.41 per barrel.

The euro rose against the US dollar from 1.1656 to 1.1751 dollars per euro on Monday, the British pound against the US dollar rose from 1.2794 to 1.2788 dollars per pound, while the US dollar depreciated against the Japanese yen from 106.14 to 105.38 yen per dollar. The euro appreciated against the pound sterling from 91.10 to 91.22 pence per euro.

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