Jittery investors rush to buy gold as value hits a nine-year high

by

Jittery investors rush to buy gold at record rates as value hits a nine-year high

By Ben Wilkinson for the Daily Mail

Published: | Updated:

Nine-year high: Gold prices reached $1,800 an ounce on the last day of June

Investors rushed to buy gold at record rates during the virus crisis, with its value hitting a nine-year high.

Gold prices reached $1,800 an ounce on the last day of June after nervous investors looked for a haven for their money.

The price of gold rose 16.7 per cent in the first half of the year.  BullionVault, an online gold trading platform, says it has seen record demand for gold since March.

Laura Suter, personal finance analyst at AJ Bell, said: ‘With so much political uncertainty, between China and the U.S. for example, and with no sign of a vaccine to end the Covid-19 crisis, it seems likely gold will be in demand for some time to come.

[email protected]

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.