The yellow metal reaches a new historic summit on Friday. He benefits from growing tensions around Ukraine, but also the commercial offensive led by Donald Trump.
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Refuge value par excellence, gold confirms its status as a weapon in terms of economic geopolitics. Friday March 14, he reached levels Never recorded since the late 1960s. And there is no reason that this outbreak of courses stops in such good path.
Among the explanations of the outbreak, there is first of all the climbing, verbal and moral, between Donald Trump and Vladimir Putin on the discussions of peace agreement in Ukraine. Added to this is the climbing of the trade war between the United States and the rest of the world in general, Europe in particular. And then appeared doubts about the resistance of the American economy in the face of the inflationary policy led by Donald Trump, who will weigh on the purchasing power of the Americans.
Investors believe that the global economy today presents too many risks. In economics, this is called “risk aversion”. Normally, financial operators like to take risks on their investments. Risk taking, as with stock market stocks is better paid. But as soon as uncertainties are born and tensions are manifested as today, the risk becomes dangerous and investors take refuge on more stable values, of which gold is part.
The Once d’Or reaches 2,747 euros. An ounce of gold represents 31 grams. This means that 31 grams of gold are worth almost 3,000 euros today, and that a Lingot (1 kg) represents just over 88,000 euros. Gold does not report dividends such as actions, or gain linked to the increase in interest rates since yellow metal is not subject to it. But gold remains a refuge value because it is not debt. He cannot go bankrupt.
