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Gold hits record high above $2,700 per ounce

The price of gold exceeded $2,700 per ounce the day before, thereby updating its the historical maximum. Data on the Comex exchange say.

The cost of gold on the spot market in the world exceeded $2,700 per ounce for the first time, having added 2.3 percent over the week.

As analysts note, in the conditions of a tense geopolitical situation, in the past week alone, global investors invested a record amount of funds in gold funds for 2.5 months — $1.2 billion.

At the end of the final week, gold prices consolidated above the level of $2,700 per troy ounce. On October 18, quotations on the spot market updated the historical record, reaching $2,720.15 per ounce.

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