Gold prices established a new high for the second day in a row on Monday, with market prices reaching $2,100 as the worldwide rush for bullion appeared to be continuing.
Gold prices are on track to achieve new highs next year and might continue over $2,000, according to experts, citing geopolitical instability, a projected lower US currency, and an anticipated interest rate reduction.
Gold prices have climbed for two months in a row, with the Israeli-Palestinian conflict increasing demand for the safe-haven asset and prospects of interest rate reduction providing additional support.
Because gold is a solid store of value, it performs well during times of economic and geopolitical turmoil.
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