Gold price hits record high amid fears over coronavirus crisis
by Joanna Partridge from on (#566RM)
Investors buy precious metal as concerns grow over global economy and US-China row
The price of gold has climbed to a record high, as investors poured their money into the precious metal amid fears about the impact of the coronavirus pandemic on the global economy and the worsening US-China trade row.
The spot gold price rose 2.3% to $1,944.68 (1,509) an ounce, overtaking its previous record of $1,920 during the financial crisis in September 2011, adding to the previous week's gains of more than 7%. So far this year it has risen 28%.
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