Gold price up 9.5% in February 2016

The price of gold grew 9.5% in February, which is a record high growth in the past four years.

Investors are increasingly focusing on precious metals, as safe investments, out of concern for the global economy, the data provided by the World Gold Commission show.

The price of gold was on a rise in the first two months of 2016 due to a drop in share value on international stock exchanges and because of deceleration of the global economy.

The highest price for an ounce of gold, that is, 28.7g, was registered on February 11, when it cost USD 1,263, up 19% from December 2015 and the price of USD 1,061 for an ounce.

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