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The Guardian - UK
The Guardian - UK
Business
Alex Lawson

Price of gold hits record high amid geopolitical tensions and investor jitters

Gold Warren Buffett Interest Rates Israel United States
One-kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland
Gold is seen as a reliable store of value during periods of political and financial uncertainty. Photograph: Denis Balibouse/Reuters

The price of gold has hit a record high amid investor jitters over tensions in the Middle East and speculation that US interest rates will be cut by the summer.

Investors piled into the “safe haven” asset on Tuesday, with the spot price reaching a record $2,141.59 (about £1,685) for an ounce, beating the previous record of $2,135 in December, before easing back again to about $2,128.

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