By Marcus Leach

In what is becoming a regular theme the price of gold rose to a new record high as fears of a slowdown in the global economy intensified.

For the first time ever the price for an ounce of gold rose above $1,900, with a 0.9% rise in Asian trade to $1,913.50.

At times of economic uncertainty gold is viewed as a safe investment, and recently there has been a surge in demand for the precious metal given the problems in the US and the eurozone.

In the eyes of analysts the price will continue to go up, as the US is likely to see further monetary stimulus.

"For the time being investors are happy looking at gold as safe haven in these troubled times, and will continue to do so until we see something positive and sustainable." said Darren Heathcote of Investec Australia to the BBC.

Join us on
Follow @freshbusiness