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Why the recent gold price surge might be sustainable
Gold prices have seen a significant spike over the past 12 months, reaching all-time highs. This can be attributed to a combination of economic, geopolitical and market factors. Typically, gold prices surge in times of economic uncertainty and geopolitical tensions as investors flock to the yellow metal as a safe-haven asset. The global economy has been facing significant uncertainty due the surge in inflation rates and the consequent rise of interest rates, which hit consumer spending and increased the cost of financing for consumers and companies. This has led investment decisions to be postponed. Rising price ... (full story)
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- Posted: Jul 24, 2024 6:25am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 236
