The price of gold has reached its highest level in the last month, approaching the records of the year, in the context of escalating conflict in the Middle East, which has caused turmoil in financial markets. On Monday, the gold quote rose by 2.7%, exceeding $5,400 per ounce, before falling after the opening of the US stock market. Geopolitical tensions and the agitation caused by President Donald Trump in international relations contributed to this increase, supported by massive purchases by central banks and investor fears related to inflation. Risk aversion has led to declines in global stock markets, and US government bonds have been affected by concerns about the impact of higher oil prices. Analysts estimate that gold will continue to benefit from geopolitical instability and risk aversion, with its price increasing by about 25% this year.
Sources
Latest News
21:43
Raphaël Glucksmann will run in the presidential elections in France in 2027
21:20
A few hundred people gathered in Victory Square in Timișoara to support Mayor Dominic Fritz.
21:12
Interim Prime Minister Ilie Bolojan, about the salary law: "This proposal must be made in such a way that it can be supported by the Romanian economy from the state budget."
21:02
Interim Prime Minister Ilie Bolojan criticizes the "Fritz amendment" from the Integrity Law: "Voting on a PNRR milestone does not mean using it as a political club."
20:54
Ilie Bolojan criticized the statements of former minister Ivan regarding the disconnection of industrial consumers from the National Energy System, emphasizing that the notifications are part of a legal procedure.
See more news