'Safe haven' gold has a rich 3,000-year history

A staff member places gold jewellery in a display at a store in Hangzhou, in China's eastern Zhejiang province on July 27, 2020. PHOTO| AFP

What you need to know:

  • The Egyptians were the first to mine gold somewhere around 3000 BC.
  • The fairly balanced distribution of gold across the planet meant numerous civilisations used the metal in their societies.

Gold struck a record high of $1,944.71 in Asian trading on Monday as traders piled into the "safe haven" investment, a status that is a product of the characteristics that have long made the metal useful in finance.


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