The price of gold is rising. On Tuesday, the $2,000 a troy ounce (31.1 grams) was tapped for the first time. In recent times, the price of gold has already made a strong advance, as investors are looking for safe ports to invest in because of the uncertainties surrounding the corona virus.

Investments in gold are considered as protection against depreciation of currencies. The price is also helped by the global economic stimulus due to the corona crisis, such as interest rate reductions. The increasing tensions between China and the United States also increase the interest in precious metals. For example, the price of silver is very high.

In addition, the U.S. Mint has reduced the volume of gold and silver coins that it distributes, as production is under pressure due to the coronapandemia. That’s what the Bloomberg News Agency has in its possession. Measures against the spread of the coronavirus to production sites are likely to reduce currency production over the next 12 to 18 months. The New York facility is therefore no longer able to mince silver and gold coins at the same time.

The previous record level for gold, from September 2011, was already broken on Monday.

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