Gold 
Silver 
Economy 
Euporos
Gold on the rise
Gold and precious metals continue to be favoured safe-haven investments, particularly in times of global economic uncertainty. The price of gold has risen significantly, climbing by around 13% against the Swiss franc since the start of the year, reaching highs close to $1,900 per ounce. This meteoric rise can be explained by several key factors that are boosting demand for this precious metal.
As a safe-haven investment, gold offers robust protection against loss of value and market volatility, features that are particularly appreciated in times of global economic turbulence. The low interest rate policy of central banks has made government bonds less attractive, and the potential rise in inflation has caused traditional savings to lose value. The economic support measures stepped up by central banks during the crisis helped to keep interest rates low, fuelling gold's appeal as a safe haven compared with traditional currencies.
The current economic and political crisis continues to add uncertainty to the markets. Factors such as geopolitical tensions between the United States and China are heightening investor concerns. Faced with this growing uncertainty, gold is positioning itself as a safe haven, an 'insurance policy' against economic and political risks.
As well as being resilient in the face of inflation and monetary policy, gold is also attractive for its price stability. The relatively small fluctuations in precious metal values offer added security, a quality that is much sought-after in times of financial turbulence.
The outlook for gold remains optimistic, according to financial experts. Renowned institutions such as UBS, CS, VanEck and Goldman Sachs are all predicting that the price of gold will continue to rise in the months ahead. Some are even anticipating a new record, with prices topping the $1,800 mark. This upward trend is also attracting speculators, creating a virtuous circle fuelled by growing demand.
In short, investors already positioned in gold can expect a significant appreciation in the value of their investment in the months ahead, testifying to gold's continued relevance as a safe haven in a climate of global economic uncertainty.
(1) https://www.gold.de/kurse/goldpreis/
(2) https://www.nzz.ch/finanzen/coronavirus-der-goldpreis-nimmt-anlauf-zum-rekord-ld.1562762?reduced=true
(3) https://www.srf.ch/news/wirtschaft/steigender-goldpreis-anleger-im-goldfieber
(4) https://www.nzz.ch/finanzen/coronavirus-der-goldpreis-nimmt-anlauf-zum-rekord-ld.1562762?reduced=true
Image: https://www.flickr.com/photos/62204521@N00/323870541
& storage
Author : S.M.
Comments
No current comments