In this week's initial trading, the so-called spot price for gold on the world market is at 2,504 dollars per ounce, which is marginally lower than the historical peak of 2,507 dollars per ounce in Friday's late trading.
The record-breaking prices come after half a year of new records and mean a price increase of over 21 percent since the turn of the year.
The new price records in recent days can be linked to increased geopolitical uncertainty surrounding the Ukraine war, the Gaza war, the strained relationship between the US and China, and all uncertainty ahead of the presidential election in the US this autumn.
Uncertainty and fear cause investors to avoid risk and invest in what is perceived as safe assets, such as gold.
In addition, there is an increased likelihood of interest rate cuts in the near future in the US and the rest of the Western world, which normally supports non-interest-bearing assets like gold.
There is also some support from central banks, which have been buying more gold for their reserves than usual for some time.
