The price of gold, a conventional safe-haven asset, has decreased (after a spike in demand just after Hamas's strike that sparked the current crisis in Gaza). This retreat might be influenced by several things.
Gold is the topic of conversation on every financial news program. Both Wall Street and Main Street are growing increasingly optimistic. After recently rising from about $1800 to $2000, gold is currently significantly retreating to $1985 in order to preserve gains.
Recent events have caused a significant increase in gold prices, especially the terrorist acts carried out by Hamas in Israel. When expressed in a number of foreign currencies, which indicate that the price of gold is rising even more than it is in...
Gold had its greatest week-long performance in months following the terrorist strikes on Israel by Hamas last week. By the end of 2023, experts predict that it will have surpassed the $2000 per ounce threshold.
