Spot gold prices set a record, reaching $ 1,758.83 an ounce (+ 0.9 %), Lenta reported referring to Bloomberg.
This year, gold prices rose by 15 %, as investors - amid the COVID-19 pandemic - are looking for a safe harbor for investment.
Now gold prices are growing amid concerns about the start of the second wave of the pandemic. They are reaching 1,765.43 dollars per ounce.
Goldman Sachs analysts predict that in 2020 gold will exceed two thousand dollars per ounce. JPMorgan Chase & Co. also do not advise investors to give up on the precious metal, considering it the best investment in low-yield conditions.
In the meantime, silver prices rose 1.5 %, platinum - 0.6 %, palladium - 0.2 %.