Gold price rises to a new record - Economist

Gold prices rose to their highest level in 18 months, following the Russian forces’ invasion of Ukrainian lands due to many political disputes between the two countries, which gave investors a strong boost to the demand for safe havens such as gold and precious metals.

Gold prices crossed the barrier of 1,973 dollars per ounce after the Russian attack on Ukraine on Thursday, February 24, 2022, but in trading on Friday, the price of gold fell and fell by 2.86% and reached 1,890 dollars per ounce.