Has the price of gold peaked?


Economic uncertainty and volatile financial markets have driven investors to buy more gold, the traditional safe haven in times of turmoil.

Increased demand has driven bullion prices to record levels, above $1,900 an ounce. However if September brings calm to the financial markets demand for gold could level off, pushing its price down.

However, Owen Hegarty, of the gold mining company G-Resources, told the BBC's Asia Business Report, that demand for the precious metal will remain strong.

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