The price of gold has updated the historical maximum

Stock exchange gold prices 28 July reached the historical maximum. As writes Forbes, on Tuesday, the value of an ounce rose to $1981.

The previous high – $1944 per ounce – was established on Monday, July 27. Up to a maximum of $1921 per ounce, this record was held since 2011.

Since the beginning of year gold has risen by 28%.

Forbes points out that the price of gold has been growing for four consecutive months, and probably soon will overcome the mark of $2 thousand per ounce and will continue to grow until it reaches $3 thousand

The main reasons for the rise in price of the precious metal the magazine says that the fall in stock markets in pandemic coronavirus, as well as the issue of the money supply to support the economy, primarily in the United States. All this increases pressure on the dollar, and provokes a rise in the value of gold as the least risky asset.

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