The value of gold has once again reached record heights. Experts note that this precious metal is traditionally perceived as a reliable asset for capital protection amid economic and geopolitical instabilities.
On the New York Mercantile Exchange (COMEX), gold futures for February delivery rose by 1.82% and reached a peak value of $4,852.6 per ounce. In recent days, the quotes for the precious metal have increased by 5.6%.
The rise in precious metal prices has been made possible against the backdrop of an escalating crisis in Greenland and a sharp decline in Japan's national debt, which, according to Bloomberg, has contributed to an increase in demand for safe-haven assets.
