Spot gold hits a new historical high, reaching up to 2947 US dollars per ounce

Golden Finance reports that the spot gold price has reached a new historical high after a week, touching $2947 per ounce at its peak. A research report from ANZ Bank points out that as market focus returns to an uncertain economic backdrop, gold prices are rising. The risk of a full-scale trade war is high, which stimulates investors' demand for safe-haven assets like gold.