The Gold is getting hotter by the day. In US the gold has hit a record high price of above $1300 an ounce.
Thanks to the failing markets and low confidence in market, people are now turning to Gold for refugee. Investors are now eying the Gold for their investments. This is increasing the demand and shooting the price up.
U.S. gold futures ended higher on Friday, hitting a record above $1,300 an ounce on worries over economic uncertainty after the Federal Reserve raised expectations of new measures to stimulate growth.
Gold’s attraction as a hedge against inflation increased after data showed new orders for a wide range of long-lasting U.S. manufactured goods rose in August and business spending plans rebounded strongly.
Gold has risen more than 4 percent this month and hit record highs in six of the last seven sessions.