Gold Demand Rising: Investors Turn to Precious Metal as Safe Haven Asset5

Recent global economic concerns and stock market volatility seem to have increased demand for gold as a safe haven asset. The price of the precious metal hit its highest level since June in the yesterday’s trading session.

Investors are turning to the historical store of value in rising numbers to protect their wealth amid geopolitical tensions. Even recent news that gold’s use in manufacturing may be about to sharply decline has not lessened appetites for increased investor diversification.

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