The price of gold has recently climbed from one high to the next. The rally seems almost puzzling due to a number of negative factors in the first half of the year. However, two reasons in particular provided plenty of tailwind. Can the rally go even further?
Article on tag "gold price"
Middle East Conflict continues: worries about expansion to other countries
Roughly two weeks after the surprising terrorist attacks by the radical Islamic Hamas ruling the Gaza Strip, on targets in Israel, the military conflict in the country continues unabated. The war in the region also continues to dominate the financial and commodity markets, with global concerns that the conflict could possibly spread to other countries in the Middle East being the main driver of uncertainty.
Has gold lost its shimmer?
After a strong increase in the last 5 years, the gold price has weakened recently. Will demand for the precious metal increase again?
High volatility also in the price of gold
Gold plays a role as a “safe haven” in times of crisis. But the price is anything but stable.