Gold Outpacing Dollar

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The price of gold hit another record on Monday, setting the highest price per troy ounce in history at $1941 for futures beginning Aug. 2. The previous record was last set in September of 2011, where the price surpassed $1900 for the first time. While investors of gold and other precious metals are jubilant over the price increase, the growth signals trepidation in the dominant global market currencies – most notably, the U.S. dollar.

Read Statista’s feature