Demand for the safe-haven asset is at an all-time high amid global market turmoil
David Higgins, head of trading with Merrion Vaults, on why gold prices have hit another record high
As the world grapples with geopolitical conflicts and economic uncertainty, the price of gold is surging – it reached an all-time high of $3,357.40 this month, after passing the benchmark of $3,000 an ounce for the first time ever in March.
“Any time there’s any type of crisis, the price of gold tends to jump – you had the pandemic, you had Brexit, even Trump getting elected pushes up the price of gold,” explains Seamus Fahy, managing director of Merrion Gold, an Irish bullion dealer.
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