Distrust in currency and interest in precious metals
Gold price exceeded $600 per ounce Fluctuations in the foreign exchange market yesterday led to a sharp increase in demand for precious metals, in particular gold. As a result, its price on the New York COMEX exchange during trading rose above $600 per troy ounce - for the first time since 1981. According to traders, investors, by actively buying gold, are insuring themselves against rising oil prices. In London, the price of gold rose to $597 per ounce during the day.