The price of gold exceeded the $2,000 mark yesterday for the first time in its history.
The price of the ounce of gold yesterday reached $2,047 for the first time in its history after enjoying 4 consecutive months of increases.
The current rise in the price of the precious metal should not surprise anyone, as it is considered a safe haven by investors, who have chosen to invest their funds in the metal due to fears of a serious economic crisis as a result of the covid-19 pandemic.
Thus, according to Markets Insider data, the spot price of gold has experienced a 31% increase over the past 6 months.
It must be noted this recent surge in the price of the metal coincides with the Bitcoin rally, which last night reached $11,800. The behavior of the reference crypto shows the existence of a correlation between gold and Bitcoin.
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