A safe investment
The price of the precious metal thus reached a record level of nearly $2,800 per troy ounce (31.1 grams). Today, the price has dropped slightly and is around $2,600.
Why Belgian interest in “bar gold” has never been so strong
Interest rate cuts by the US Federal Reserve are making the dollar cheaper. As a result, gold also becomes cheaper for investors with other currencies, boosting its demand and therefore its price. Unrest in the Middle East also plays a role, as investors view gold as a safe investment in times of uncertainty.
Trade tensions
Recently, the dollar has gained a bit due to uncertainty over the pace of the Fed’s interest rate cuts, leading to a slight decline in the price of gold. Trade tensions due to high customs duties on imports announced by future US President Donald Trump could also lead to a rise in gold prices. These disagreements could indeed culminate in a trade war between the United States and Europe and China, which could in turn cause turbulence in the stock markets, thereby increasing the demand for gold.
Sell your gold or risk prison: when the Reserve Gold Act tried to straighten out the USA
