The price of gold has hit a record high, climbing above the $1,500 per ounce mark, after investors returned to the metal following a drop in confidence about global economic recovery.
It is believed the price is being driven by trading in Hong Kong as a result of Standard & Poor’s downgrading of US debt.
The value of silver also continues to climb, with a 31-year high of $44 per ounce.
MRW prices show that fine gold prices have risen from £25.72 per gramme in mid-February to £27.71 per gramme this week. Silver also continues to climb, reaching £0.761 per gramme this week from £0.732 per gramme last week. MRW recently reported that silver has shot up in the past year by 240%, according to our prices.