As a result of the new corona virus, the gold price is currently at the highest level since 2013. Investors are looking for safe havens to invest in due to virus fears, as bond yields are falling and stock prices are falling sharply.
The price of a troy ounce of gold (31.1 grams) rose to more than 1690 dollars in London on Friday morning, tapping the highest level since 2013. In troubled times on the stock exchange, precious metals are often regarded as a fixed-value investment.
At the beginning of the afternoon, troy ounce of gold was worth around 1687 dollars.