Summary
Gold prices have reached record highs, going above $3,550 per ounce, as investors seek stable investments during global economic uncertainty. Many see gold as a safe haven, especially when there is unrest in the world and fluctuating currencies. The high price of gold is also linked to decisions by former U.S. President Trump regarding trade and interest rates.
Key Facts
- Gold prices have risen by nearly a third over the past year.
- The price hit an all-time high of over $3,550 per ounce recently.
- Investors often buy gold during uncertain times for stability.
- Gold can be bought as physical bullion or through financial products like futures and ETFs.
- The price of gold usually rises if the U.S. dollar falls.
- Former President Trump's trade tariffs and influence on interest rates have impacted gold prices.
- Global events, such as conflicts and currency issues in the UK and Japan, make gold appealing.
- When currencies lose value, gold is viewed as protection against inflation due to its limited supply.
