Gold price on record course: Geopolitics drives investors to the shopping frenzy!

Gold price on record course: Geopolitics drives investors to the shopping frenzy!

Gazastreifen, Palästinensische Gebiete - The gold price has reached a new record and exceeds the mark of $ 3,017.01 (2,767.14 euros) per trulner. The increase of up to half a percent is due to the increasing uncertainty in global economic landscape. In times of volatile markets, investors are looking for secure systems, and gold is seen in this regard as the preferred "safe harbor", as oe24.at reports.

An interplay of geopolitical tensions and economic policy fears drives investors to buy gold increasingly. The intensive military offensive of Israel in the Gaza Strip has reinforced the fears before a possible increase in global tensions. The air strikes, which have been considered the most violent since the entry into force of a ceasefire on January 19, are particularly worrying. According to Kyle Rodda, chief analyst at Capital.com, these aggressive actions in the conflict area could further heat the demand for gold, such as Goldseiten.de reported.

Investors also seem to be influenced by the US trade policy orientation that could bring further risks to the economy. This uncertainty has led to the yellow metal now floating to new heights, which underlines the importance of gold as a crisis currency.