Gold price smashes record for second time in a month, breaking $2 000/oz mark

MINING WEEKLY | The London Bullion Market Association’s (LBMA’s) gold price hit an all-time record high at $2 034.45/oz  on August 5 – representing the first time in its more than 100-year history, that the London price of gold has exceeded $2 000 a troy ounce.

The new record price continues gold’s rapid rise from the metal’s opening price on January 2 at $1 520.55/oz. Since then, it has gained 33.8% in the 149 trading days to date, breaching $1 900/oz for the first time on July 24.

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