An ounce of gold (31 grams) drops to 2,600 dollars (around 2,400 euros), or some 200 euros less in one week, since Donald Trump’s victory. Gold, which is a safe haven, no longer benefits from the effect of uncertainty. The victory of the Republican candidate in the American presidential election has calmed the ardor of speculators. However, gold remains at a high level. The one-kilogram ingot is worth a little more than 79,000 euros on the market on Tuesday, November 12. Regardless of the American presidential election, over one year, the price of the precious metal increased by 35%.
**>> Why does the price of gold continue to rise?
**Gold does not bring in anything, but it reassures, especially in times of strong economic or geopolitical tensions: the war in Ukraine, the Israel/Gaza confrontation, the situation in Iran, etc. Gold does not bring in no dividends like stocks, no gain linked to rising interest rates since the yellow metal is not subject to it. And it costs in management fees.
Childcare fees
A commission is requested by the banks or the establishment which manages the property. Concretely, if you own gold and you resell it, the commission generally varies from 2 to 4% of the total amount of the sale. For the buyer, we go up to 10% of the total value of the purchase. For a single ingot at 79,000 euros per unit, a quick calculation results in 7,900 euros in costs.
There is no reason for this increase in gold prices to stop, especially as demand is particularly strong from Central Banks, particularly those of emerging countries (China, Russia, India, etc.). ) who want to secure as much as possible the immense profits derived from their exports. For the record regarding the value of gold, we are today at levels not recorded since the end of the 1960s.
Related News :