International spot prices hit a record high in early Asian trade before inching lower as an uptick in the dollar fueled some profit-taking.

Gold prices, which reached a new peak last week at $ 1,983.00 per ounce, finished the week up %0.97 at $ 1,975. 25 per ounce.

Gold is seen as a safe haven during times of economic turmoil. Therefore, gold prices started to rise at the beginning of the year as the coronavirus pandemic started spreading across the world. (ILKHA)