The Price Of Gold Reached A New Record

This 303-carat Golden Canary is one of the pieces on display. Antonie Robertson / The National

The price of gold reached a new record yesterday and on the New York Comex exchange exceeded 4.100 dollars per ounce.

According to data from the exchange, the price of an ounce of gold at one point amounted to 4.102 dollars, and after that, it slightly fell to 4.094 dollars per ounce.

The rise in the price of gold is partially supported by increased investment in gold funds.

Global investors in September invested 15.5 billion dollars in these funds, which is the second-largest monthly investment in history.

Demand for safe investments such as gold remains high due to global economic uncertainty and inflationary pressures.

Media reports state that gold prices have risen by more than 50 percent since the beginning of the year.

Gold is traditionally considered a safe haven for capital, so such a strong rise in prices often accompanies periods of uncertainty in financial markets.

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