The price of gold has once again hit a global record, topping $2,460 dollars per troy ounce (31.1 grammes) on the London metals market.
It shattered the previous record set at the end of May, and achieved an increase of over 23% above its 52-day low in February.
Gold futures reached an all-time high, rising above $2,740.
Gold traders are banking on two interest rate cuts from the US Federal Reserve this year.
Higher interest rates are typically detrimental to gold investments as they yield no interest.
