Summary
Gold prices have reached an all-time high of over $5,500 per ounce. The rise is linked to President Trump's threats of military action against Iran and a weaker US dollar. Investors often buy gold during times of uncertainty because it tends to keep its value.
Key Facts
- Gold prices exceeded $5,500 an ounce, setting a new record.
- The value of gold has increased by more than 20% since the start of the year.
- President Trump indicated military readiness with Iran, which may have influenced gold prices.
- Gold is considered a safe investment during uncertain times or when the economy is unstable.
- Traditional safe investments like government bonds are less popular now due to concerns over national debt.
- Asian stock markets initially fell but later recovered; Japan’s Nikkei 225, Hong Kong’s Hang Seng Index, and China's SSE Composite Index showed minor gains.
