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Global unrest pushes gold price to record level

» Published: 18 October 2024

Global unrest pushes gold price to record level
Photo: Sakchai Lalit/AP/TT

The price of gold reaches new record levels. Now, for the first time, it has exceeded 2,700 dollars per troy ounce (31 grams), a measure of the gold price. In one year, it has risen by over 750 dollars.

The price increase is due, according to analysts, to the increased geopolitical uncertainty in the world, not least the war in the Middle East and the uncertainties surrounding the American presidential election.

On Thursday, Israel announced that it had killed the highest leader of Hamas, Yahya Sinwar, in a firefight in Gaza.

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By TTThis article has been altered and translated by Sweden Herald

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