On the night of Monday, the price of a troy ounce (31.1 grams) rose to $ 1920.36. The intensified conflict between the United States and China is driving the price of gold.
The gold price hit a new record high of $ 1920.36 a troy ounce on Monday. The anti-crisis currency thus surpassed the previous high of $ 1920.30 in September 2011. This year, the gold price rose by just over a quarter. The precious metal has been increasing in value since the middle.
At the beginning of the Corona crisis, the precious metal had lost value, even though gold is considered to be protection against crises and inflation. According to stock market experts, the current rise was driven by the heightened conflict between the US and China and a weaker dollar.