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The price of gold has hit an all-time high as demand for the precious metal remains strong amid global economic uncertainty. It is currently trading at $3,500 per ounce, or $125 per gram.
The price of gold is continuing its upward trend, having risen by a third this year alone. The precious metal is seen as a safe haven for investors in times of economic uncertainty. The price of gold began to rise earlier this year after US President Donald Trump announced tariffs on imports from China, a move that has hit global trade hard.
Experts say the price has also been influenced by expectations that the US Federal Reserve will cut interest rates, making gold an even more attractive asset for investors.
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