Gold prices hit record highs as investors hunting for safe haven assets
Gold prices hit a new record of $1,985 on Monday on surging safe-haven investments due to the coronavirus pandemic.
International spot prices hit a record high in early Asian trade before inching lower as an uptick in the dollar fueled some profit-taking.
Gold prices, which reached a new peak last week at $ 1,983.00 per ounce, finished the week up %0.97 at $ 1,975. 25 per ounce.
Gold is seen as a safe haven during times of economic turmoil. Therefore, gold prices started to rise at the beginning of the year as the coronavirus pandemic started spreading across the world.
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