The higher demand for safe investment ports in the corona virus crisis caused gold prices to rise further yesterday. The precious metal rose to $ 1,796.09 per troy ounce, making it the most expensive since November 2011.
Investors worried about the skyrocketing stock prices, especially in the US tech sector, and the contrasting economy, which was deeply in recession, said market analyst Fawad Razaqzada of broker ThinkMarkets. The risk of the speculative bubble bursting increases, which is why low-risk investments are in demand. An additional support for gold is the devaluation of the US dollar.
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