Gold is rising in price again


Despite fluctuations and changes in the global economy, gold traditionally appreciates in value, remaining one of the most reliable investment assets. Why does this happen?

There are several factors contributing to the increase in gold prices. Firstly, instability in global markets and geopolitical conflicts often drive investors to seek safe assets, including gold. In times of uncertainty, investors often turn to this metal as a store of value.

Secondly, inflation also plays a role. When prices of goods and services rise, the purchasing power of the dollar and other currencies diminishes, making gold more attractive for preserving value.

Finally, with the development of new technologies and increasing demand for precious metals in industry, the prospects for gold as an investment asset remain favorable.

Thus, this precious metal remains not only a historical symbol of wealth but also a reliable investment asset in the modern world.

According to a survey conducted by the World Gold Council, 24% of all central banks intend to increase their gold reserves in the next 12 months, as they are becoming increasingly pessimistic about the dollar as a reserve asset.

It is expected that in the second quarter of 2024, gold prices will average $2100 per ounce, with significant catalysts for growth being active central bank purchases and expected interest rate cuts.

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