Gold prices have broken the $1,300 an ounce ceiling for the first time today (September 24th), although only briefly.
Trading platform investors saw London prices for Gold reach $1,300.07 before falling back below that threshold, as the precious metal continued to represent a safe haven from fears over the economy.
The current weakness in the US dollar has prompted a particularly strong rally in gold prices, with the previous metal traditionally enjoying an inverse growth relationship compared to the currency.
According to the BBC, the value of gold has increased by a factor of five in the past decade, up from £258 per ounce in 2000, highlighting the potential gains that can be made when betting on how values will change through CFD trading.
One man who lost his bet on gold is former Prime Minister Gordon Brown, who sold 400 tonnes of the UK's gold reserve as chancellor between 1999 and 2002, just before prices began a ten-year price rise.
Particularly bullish analysts predict that continued uncertainty over the state of the economy will prompt gold to rise as high as $2,000 an ounce by the end of the year.
