Gold price at record high: Investors are trembling because of the Ukraine crisis!

Gold price at record high: Investors are trembling because of the Ukraine crisis!

London, Vereinigtes Königreich - The gold market experiences a spectacular high that keeps investors in suspense worldwide. On Monday, February 24th, the gold price on the London stock exchange reached a historical all-time high with $ 2956.19 (2824.84 euros) per troy ounce. This has been an increase of 13 percent since the beginning of the year, as reported krone.at . This development comes at a time when geopolitical tensions, in particular the situation in Ukraine, worry about investors and boost the demand for gold as a safe port. Over the past few weeks, IPO-traded gold funds (gold ETFs) have seen the highest medium inflows since 2022, which is not least due to the unsettled atmosphere in the markets.

course increases in euros and the role of the central banks

also calculated in euros, gold records an upward trend, with a price number of 2824.19 euros per ounce in the afternoon. The rising prices are also supported by stock bakes from central banks. Goldman Sachs lifts the price forecast for gold and awaits it at $ 3100 by the end of the year. This optimistic assessment also refers to the rising purchases by central banks and the global uncertainty that investors prompted to invest more in gold. Gold.de explains that the gold price is noted in dollars and thus also influenced by the exchange rate development. A strong dollar can influence the attractiveness of gold, which is why many investors closely observe the daily fluctuations.

The gold price is not a static element; It is determined by factors such as supply and demand as well as external influences such as political and economic crises. Already in the past it has been proven that gold is considered a secure system in times of crisis, which also gives this raw material a new buoyancy in the current market environment.