Reported about 1 year ago
This year has seen a continuous surge in gold prices, with gold bars becoming bestsellers in stores both in the U.S. and South Korea. Millennials are showing a strong preference for this precious metal, even more so than previous generations, due to geopolitical and economic influences, potentially reaching $3000 per ounce. Factors such as rumors of China considering devaluing the Renminbi and sanctions on Russia, the world's second-largest gold producer, are contributing to the rise in gold prices. Despite the recent drop in gold prices at the end of May, there have been 27 record highs this year, making it a popular investment choice among various age groups.
Source: YAHOO