Gold Settles near Highest Level in History

Gold prices continued the upward performance on Thursday and settled higher on the back of increased demand for safe havens.

The yellow metal gains were also supported by a weak performance by the US Dollar across the board.

After trading as high as $1,897.7 per ounce, gold futures for August increased by $24.90 or 1.3% to finish at $1,890 per ounce.

It is worth noting that the highest recorded closing level for gold futures is $1,891.9, which was registered in August 2011.