In response, Vladimir Putin changed the nuclear employment doctrine and fired a supersonic missile at Dnipro, near the front line. After the involvement of North Korea, which sent troops to Russia, we are witnessing internationalization and a worsening of tensions.
Gold remains the safe haven par excellence against geopolitical risk. Since November 17, the price of gold has seen 5 consecutive sessions of increases, which currently brings it back to a level of 2,700 dollars and 2,574 euros. Since the start of the year, the yellow metal's performance in euros is around 36%.
Or ou bitcoin ?
In a recent interview, the chief investment officer of UBS's wealth management arm, Themis Themistocleous, said he prefers gold to bitcoin in portfolios. According to him, the yellow metal offers more effective protection with lower volatility. The recent records and impressive performance of the cryptocurrency seem to be driven more by the recent election of Donald Trump than by geopolitics.
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