Spot gold hits a new all-time high, currently reported at 2946 USD/ounce

ChainCatcher news, according to Jinshi reports, the spot gold price has reached a new historical high after a week, currently reported at 2946 USD/ounce.

ANZ research report points out that as the market focus returns to the uncertain economic backdrop, gold prices are rising. The risk of a full-blown trade war is very high, which has stimulated investor demand for safe-haven assets such as gold.