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Al Jazeera

Business

Erin Hale

Why is the price of gold hitting record highs?

Gold Donald Trump Kyle Rodda Tim Waterer United States Al Jazeera

Gold bars are seen at the US West Point Mint facility in West Point, New York, on June 5, 2013 [Shannon Stapleton/Reuters]

The gold market is booming as investors seek a safe haven for their investments amid global economic uncertainty.

The price of gold has risen by nearly a third over the past year, surpassing $3,550 per ounce on Wednesday to hit an all-time high.

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