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This 417-word blog post discusses the recent rise in the price of gold to record heights. The article also looks at the hidden risks of investing in gold.
Written on 28 July 2020.
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Gold is in the news this week after reaching a record high price.
Nervous investors fleeing to safety as political tensions between the US and China rise, and ongoing concerns about the global Covid-19 pandemic, seems to be behind the price rise.
The spot price of gold rose to reach $1,944.92 an ounce on Monday.
The new high price for gold means the precious metal has risen in value this year, so far, by 28%.
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