Gold Price Soars to New High Above $1,500 per Ounce

The rise in gold prices continues against the backdrop of a developing trade war between the United States and China. More and more investors are choosing to place their money in defensive assets, resulting in a 'flight to quality' and rising precious metal prices.

As a result, in recent days, December futures for gold have been selling for $ 1,503.3 per ounce.

In January 2019, the US had the largest gold reserves in the world with 8,133 tons while Russia was in fifth place with 2,066 tons, according to the World Gold Council.