Statistics on inflation in Europe, released on Wednesday, showed a record rise since 2008. In September its pace accelerated to 3.4 percent from 3 percent in August. That said, according to Capital Economics' leading economist Jack Allen-Reynolds, a leading economist at Capital Economics, told The Wall Street Journal, prices in the European region in the near future will continue to actively rising because of rising energy costs. The situation with inflation in the world as a whole, as well as this news increased investors' worries, prompting them to turn their attention to gold as a as a safe-haven asset. The latter rose almost 1% yesterday to The latter rose almost 1% yesterday, to $1,786.60 per troy ounce. The positive dynamics of the precious metal continues for the second day in a row. The cautiousness of investors is caused by the prospect of continued growth inflation for a long time. As noted the analyst Ava Trade Naeem Aslam in an interview with Market Watch, concerns about this are now spurring demand for gold, which provides good protection against inflation risks.