Gold prices rose on Monday after reaching a historical level last week, in the context of continuing demand for safe-haven assets. Assets perceived as a reliable refuge...
Concerns about the recovery of the global economy due to the weakening situation with the coronavirus and pressure on demand for traditional assets support interest in gold as a safe-haven asset.
"Every day, more and more investors are turning to gold as an alternative for preserving capital," said an analyst.
On the updated wave of panic, related to the possible return of restrictions and slow vaccinations, investors are looking for stable investments, and gold is one of the options.
The price of gold in futures increased by 0.1%, reaching a mark of $1829.47 per ounce, after a previous week when the price rose by 1.4% - the most significant weekly increase since March.
