Gold price on record hunting: Uncertainty drives investors to the safe haven

Gold price on record hunting: Uncertainty drives investors to the safe haven

Gazastreifen, Palästina - The gold price continues to shoot and reached a new record high with over $ 3,045 per troy ounce on Wednesday. This is done in the middle of growing global uncertainties, which are mainly triggered by the unclear political situation in the Ukraine conflict and the aggressive trade policy of the new US President Donald Trump. Analysts of the Landesbank Baden-Württemberg see the main driver for the current price increase in these developments, since gold is increasingly regarded as a safe port, while the volatility of the markets increases, as OE24 reported.

The uncertainties are tightened by Trump's threats with import tariffs, which are now also directed against the European Union and China. These conversations increase the pressure on the markets and ensure increasing interest in gold as an investment option. "The geopolitical developments in the Middle East and in Ukraine will have a strong impact on the gold price," said market expert Andrea Greisel from Prince Fugger Privatbank. The number of investors who lose their confidence in the financial stability of the United States and instead invest in gold is apparently increasing, while private investors in markets such as India and China continue to buy large quantities of gold, such as Exxpress . India has even reduced the import tariffs to gold, which could also boost demand.

political uncertainties shape the market

The analysis of market developments shows that the political decisions of the Trump administration could contribute to inflation and public debt in the United States, which further undermines trust in the markets. In an economically uncertain environment, the US Federal Reserve is expected to keep its key interest rates stable, which continues to increase the attractiveness of gold as a system. While the gold price has increased by almost $ 130 since the beginning of the year and the record price of $ 2,790 is closer from last year, experts observe chart -technical signals that indicate further climbs. "In theory, a long -term price target of $ 3,000 per troy ounce would even be possible," said Greisel.