June 21, 2021

Gold hits new highs since August 2011, at $ 1,775

The price of gold, one of the assets considered safe haven in times of crisis, has started trading on Tuesday at new highs since August 2011, at $ 1,775 per ounce.

Specifically, shortly after 7:00, gold has reached $ 1,775.50, higher than the $ 1,772 per ounce it touched in the previous session and which was its highest level for nine years, when it reached $ 1,828. .

Gold is recovering strongly after the collapse in March, when the price fell to $ 1,461 despite investors fleeing equities in the face of the crisis unleashed by the expansion of the coronavirus.

According to analysts, that decline was due to investors seeking liquidity and shedding even assets considered safer.


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