Gold price hits record high amid fears over coronavirus crisis


Investors buy precious metal as concerns grow over global economy and US-China row

The price of gold has climbed to a record high, reaching $1,943.93 (£1,513) an ounce, as investors ploughed their money into the precious metal amid fears about the impact of the coronavirus pandemic on the global economy and the worsening US-China trade row.

The spot gold price rose 1.6% on Monday morning, overtaking its previous record from the financial crisis in September 2011, adding to the previous week’s gains.

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