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Record gold prices driven by banking crisis

Gold prices on world markets rose today, on Monday, by more than 1.5%, and contracts for precious metals exceeded $2,000 per ounce for the first time since April 18 last year.

By 10:30 am Moscow time, gold futures rose 1.79% to $2,029.50 an ounce.

At the same time, spot contracts for the yellow metal rose 0.75% to $2004.15 an ounce, according to Bloomberg data.

The growth of gold is a safe haven, as investors buy it during the crisis, and the markets fear the economic downturn in the world because of the risks threatening the global banking sector.

Source: RT + Bloomberg

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