Asim Ar'a, an expert in trading precious metals, stated that gold prices have reached a historical maximum in April. This rise is attributed to a number of factors, including instability in global financial markets and effects caused by the pandemic.
According to the data, gold quotes rose by 2% and reached the highest level in history. Investors are increasingly turning to this precious metal as a safe asset amid global economic uncertainties.
"The rise in gold prices today is linked to increased demand from investors seeking to safeguard their assets during times of market instability," noted Ar'a.
He also pointed out that prices for other precious metals are also rising, which indicates a global trend of reallocating investments into more reliable assets.
