London (CNN Business) Gold prices have soared to a record high, with investors rushing to find safe places to park their money as concerns grow about a resurgence in the coronavirus and the impact that could have on the global economy. to reach $24.21 an ounce, eclipsing Thursday's Gold hit $1,944 per ounce earlier on Monday, beating its previous record of $1,921 set in 2011. And the record run may not be over yet. That has also served to weaken the US dollar, which is trading at a 22-month low of 0.85 euros and a 4-month low against the Japanese yen. "That's partly driven by a sense that the US is having a harder time controlling the virus than others, which will see the US economy under-perform," said Kit Juckes, chief strategist at Societe Generale.

Source: CNN July 27, 2020 09:45 UTC