2024-08-25 18:21:31
Gold never shines. For almost a year, the price of the precious metal has been rising and setting new records. At the highest historical level this summer, it is still this weekend at 2,500 dollars per ounce, or around 2,250 euros. In August 2023, it stood at around 1,900 dollars (1,750 euros). “It doesn’t seem like it’s limited anymore,” enthuses Jean-François Faure, president of the AuCoffre.com shopping platform. We are breaking glass ceilings, one after the other. “At the moment, all the lights are green to allow the gold market to be important,” said Maxime Raturat, financial analyst at XTB.
Different target elements help explain this permanent surgery. The geopolitical environment, first. Gold, often considered a safe haven, is appreciated by investors when times of uncertainty arise to protect themselves from possible risks. In this case, the wars in Ukraine and the Middle East cause a lot of injustice on a global scale. The lack of any prospect of an end to these conflicts in the near future “does not suggest a lack of interest in gold”, notes Jean-François Faure.
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