Investor appetite for gold, which is considered a safe haven during times of volatility, continues to be strong. The price of the gold has nearly doubled over the past year as many investors have turned to the precious metal as a store of value amid economic and geopolitical uncertainty. The seeming resolution, or at least a path toward one, of affairs involving the U.S., Greenland and mainland Europe appeared last week to have marked a cooling of geopolitical fears. Some analysts though, have said a broade ...

Key Takeaways The price of gold traded at record highs Monday after surpassing $5,000 per ounce for the first time over the weekend. The precious metal's recent rise reflects investor demand for hedges amid geopolitical and economic uncertainty, as other precious metals have also climbed in recent months. Gold finally hit the milestone traders have been waiting for. The spot price of the precious metal over the weekend topped $5,000 per troy ounce for the first time, and earlier Monday climbed ab ...