Price of gold hits new record

Price of gold hits new record
Illustrative image of a gold bar. Credit: Belga/Joel Saget/AFP

The price of gold reached a new record on Monday, with an ounce (around 31.1 grams) now trading at nearly $4,078.

Last week, the price of gold surpassed the $4,000 mark for the first time.

The surge is driven by uncertainties surrounding the ongoing trade war between the United States and China.

Silver prices have also hit their highest level in decades, with an ounce now priced at $52.

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