Gold price hit almost 3-year high in Romania as global investors flock to „safe havens”

Sorin Melenciuc 19/02/2019 | 14:46

The price of gold reached on Tuesday a fresh 31-month high in Romania as investors flock to „safe havens”.

The price of a gramme of gold rose to RON 179.39, the highest level since July 6, 2016, following a global trend.

On the international markets, the precious metal has benefited from a weaker US dollar during the past week, rising to a near-10 month high of USD 1,328 on Monday.

Gold has long been referred to as a “safe haven” for investors during times of market volatility and high inflation.

Since the financial crash of 2008, investors have flocked to the precious metal, making it one of the most reliable markets of the past decade.

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