The price of gold has soared as investors seek out safe havens amid heightened economic uncertainty.

By Erin Hale

The gold market is booming as investors seek a safe haven for their investments amid global economic uncertainty.

The price of gold has risen by nearly a third over the past year, surpassing $3,550 per ounce on Wednesday to hit an all-time high.

Some analysts expect prices to keep climbing amid a tumultuous geopolitical environment.