General market anxiety, falling stock markets, trade war, a weaker dollar, and Chinese hoarding. These are some explanations for why the gold price is once again at a new record level.
On Monday afternoon, the gold price had been pushed up to 3,424 dollars, the highest level so far, as investors seek a safer haven for their assets.
The deepened anxiety in the wake of President Donald Trump's American import tariffs has caused gold to notch record after record. Last week, it happened on three trading days, writes Dagens industri.
The dollar's sharp fall has a significant impact. Gold becomes relatively cheaper to buy in other currencies when the dollar falls, which drives up demand and the price.
