is shining brighter than ever.

The spot price of the precious metal hit a record $3,578.40 per ounce early Tuesday morning, with bullion considered a safe investment during this period of widespread economic uncertainty.

Gold prices have risen by nearly a third this year, hitting new heights with the commencement of a trade war. The previous intraday record of $3,509.90 an ounce was set in April, shortly after President Donald Trump announced a range of that sent the global economy into turmoil.

“The current surge in gold demand is a direct reflection of global economic uncertainty,” Sean Hoey, managing director of private storage facility IBV International Vaults London, told Robb Report in an email. “With inflation concerns rising and geopolitical tensions showing no signs of easing

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