The gold price  in the world will continue to rise until distrust persists, president of the GeoProMining Roman Khudoley, told NEWS.am on October 29.

"The price of gold has two main factors. First, the economic instability that pushes the market to switch to more reliable instruments, while gold has long been considered one of the most reliable means of saving. The second factor, the growing demand”, - he said. According Khudoley, the world’s population is constantly growing, and overall quality of life is increasing. This creates an additional demand for gold.

On October 29, at the London Stock Exchange the gold price closed at 1,336 dollars per ounce.