Price Of Gold At All-Time High
The price of gold keeps on rising and has hit an all-time high of $1,040.15 per ounce after the dollar loses some of its value. The last time gold hit a new high, 1,032.80, was in March 2008.
Gold and other metals have become increasingly popular among investors as the dollar continues to struggle. Copper prices have also gone up, costing over $6,000 per tonne. Shares in mining firms went up as the value of gold and copper rose.
Gold prices generally see a rise during October-November, with Christmas and Diwali increase the demand for jewellery.
Other precious metals also saw their prices rise on Tuesday, with silver up 3% to $17.11 an ounce, and platinum adding 0.9% to $1,305 an ounce. The price of copper was up 2.4% to $6,060 a tonne.