Gold broke the historical record set in 2011. In the context of the dollar's decline and mass buying of physical metal by exchange players, gold futures on the Comex exchange are growing for the seventh day in a row and reached 1,938 dollars per Troy ounce.
In total, gold rose by 10% over the week, and by 26% since the beginning of the year. The precious metal is becoming more expensive than cash unprecedentely issued by the world's leading Central banks.
What is happening in the world? Why is the "eternal" metal rapidly becoming more expensive, and the main measure of world wealth-the dollar is creeping down?
Experts agree that the key reason for the unstoppable growth in gold prices and the decline of the dollar is the general uncertainty in the world economy caused by the global crisis and the consequences of the coronavirus pandemic.
Gold broke the historical record set in 2011. In the context of the dollar's decline and mass buying of physical metal by exchange players, gold futures on the Comex exchange are growing for the seventh day in a row and reached 1,938 dollars per Troy ounce.
In total, gold rose by 10% over the week, and by 26% since the beginning of the year. The precious metal is becoming more expensive than cash unprecedentely issued by the world's leading Central banks.
What is happening in the world? Why is the "eternal" metal rapidly becoming more expensive, and the main measure of world wealth-the dollar is creeping down?
Experts agree that the key reason for the unstoppable growth in gold prices and the decline of the dollar is the general uncertainty in the world economy caused by the global crisis and the consequences of the coronavirus pandemic.