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BBC NI Agriculture & Environment Correspondent
The price of gold, an indicator of market confidence because investors see it as a "safe-haven" for their money, has dipped today.
Yesterday, the price per ounce of gold reached $1,510, breaching the $1,500 level for the first time since 2013.
But today, prices fell below that landmark level with gold changing hands for $1,495 an ounce, indicating a slight recovery in investor confidence.
Gold prices have surged through $1,500 a troy ounce for the first time in more than six years.
The demand for the precious metal has risen as investors seek a safe haven asset amid growing concerns about a slowdown in the global economy.
BBC Radio 4
Claire Shaw from SYZ Asset Management also spoke to the Today Programme about the turmoil whcih has been gripping world markets. One of the beneficiaries is gold, she said.
"Investors are seeking shelter from the gathering storm. You saw gold top $1,500 yesterday which is the highest level since 2013, year-to-date its up 17% and the natural course of action in this turmoil is a flight to safety and gold is he chief beneficiary of the turmoil we’re seeing in the financial markets at the moment."
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The world's second-biggest gold miner Barrick Gold Corp has finally agreed a deal to buy Acacia Mining, which mainly operates in Tanzania. The deal values Acacia at £950m.
Shares in Acacia have soared by 18% to hit 221p but that still falls slightly shy of Barrick's 232p offer price, a sign that investors may have some doubts that the deal will get done.
Barrick, which spun off Acacia in 2010, still owns almost two thirds of the firm's shares.
The deal ends months of back and forth between the companies, with Acacia having said a previous offer from Barrick - in May - undervalued it.
The easing of the US-China trade war has hit the price of gold, which has slipped below the $1,4,00 per ounce mark.
The spot gold price fell 1.3% this morning.
“Reopening of trade talks between US-China has made investors look back at growth, we are seeing good support for the share markets across the region and safe-havens are in less demand,” said Michael McCarthy, chief market strategist, CMC Markets.
BBC Radio 4
The price of gold has gone up recently - in the last month, it rose by £200 an ounce, from just under £1,000 to just under £1,200.
But why has this happened?
"The bigger picture is about the US Federal Reserve and the direction of the US dollar. Gold is priced in US dollars, so when the dollar gets weaker, it becomes cheaper for the rest of the world to buy it," Shanti Kelemen, senior portfolio manager of Coutts Bank, explains to Today.
"The biggest buyer in the world of gold on a retail basis is India. Gold also doesn't pay any dividends. So when interest rates go down, the opportunity cost of holding something that doesn't pay that falls."
She says that these factors, together with tensions with Iran, have led to the price of gold soaring.
Neil Wilson is chief market analyst at Markets.com. Here's his explanation as to why gold prices are rising.
"Real interest rates are a much better guide for gold than just about anything else.
"Real interest rates are the difference between ultra-safe government bond yields and the expected path of inflation.
"With the Fed now expected to cut rates we could see real rates slip back to zero – where they were at points in 2015 and 2016. They could even become negative like there were in 2012/2013.
"Real rates matter for the yellow metal since gold offers no yield – so the opportunity cost of holding gold is a lot lower if real rates are low. If they are negative , then it actually pays to hold gold.
"A weaker dollar is also a big factor since gold, like all commodities, is priced in dollars. So the weaker the buck, the more of them you need to buy the same amount of gold. Therefore prices measured in dollars rise.