Uncertainty pushes gold price to new record high

Gold Price Asia

The price of gold has surged to a record 1,926.20 US dollars (£1,502.44) per ounce as investors moved money into an asset seen as a safe haven amid jitters about US-Chinese tensions and the recovery from the coronavirus pandemic.

Gold rose more than 30 dollars (£23.40) on Monday, adding 1.5% after breaking its 2011 record high on Friday.