The Gold prices are zooming to a new multi year high every week now. This week it has hit a new high of 1187 dollars to an Ounce which is over 50% higher than the prices a year ago. The increasing global uncertainty has only forced countries like China, India and Japan to invest more into the safe haven Gold.
There are reports now of other countries like Sri Lanka and Saudi Arabia joining the buyer’s list. That is only going to aggravate in the coming months as more financial troubles would emerge on the scene.