Energy and banking crises, high inflation, wars – all this sometimes makes investors play it safe and bet on gold. After the peak in May, the price (partly) temporarily collapsed due to rising interest rates, but the conflict in the Middle East, which escalated due to terror, has now caused the next gold rush. We’ll show you how to participate – and why you should still be careful.
Let’s recap the year so far: While the price of gold broke through the $2,000 mark in March following the Silicon Valley Bank bankruptcy and Credit Suisse crash, and reached an annual high above 2050 in early May, it precious metal has been on a downward trend since then. At the beginning of October, the troy ounce was already worth more than $200 less.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
