This morning (18), gold broke its record again and reached above the US$ 3,000 mark per troy ounce (a unit of measurement used to weigh precious metals, such as gold and silver). The same has been happening in recent days.
All this movement is mainly due to the weakness of the dollar and the escalation of geopolitical tensions in the Middle East. The recent tariff policies of US President Donald Trump have left traders on the back foot, thus other assets and markets are gaining strength.
Gold has always been seen as a security and therefore its value has been rising. Traders have seen more value in the market, thus supply and demand have grown, consequently increasing trading prices.
Another movement that influenced central banks to invest even more in gold was when the US and Europe froze Russian reserves. The trade conflict continues to grow and there is no prospect of improvement soon.
Therefore, with a possible increase in global inflation, which could be caused by the increase in trade tariffs in European countries and China, having Gold as an asset has become even more interesting.
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