Cash gold is won almost 26% so far this year, driven up to a historical maximum of US $ 3,500 for the geopolitical uncertainty.
Goldman Sachs said Monday that the gold will continue to have a better performance than silverciting the strong demand for bullion by the central banks as a factor that structurally raised the relationship between the price of both precious metals.
“Give recession and the strength of the purchase of gold On the part of the central banks in 2025, we hope that gold will continue to surpass La Plata, “the bank said in a note.
Cash gold won almost 26% so far this yeardriven up to a historical maximum of US $ 3,500 for the ounce for geopolitical uncertainty, the strong demand of the central banks and the increase in flows to the funds quoted in the stock market (ETF) backed by gold. The silver currently quotes at $ 32.4 an ounce.
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What drives the increase in the price of gold?
This recent increase in the price of gold can be attributed to several factors, including the increase in inflation and concerns about global economic stability.
Investors seek refuge in tangible assets such as goldwhich increases its demand and, consequently, its price. The price range in which gold moved in the last hours was a minimum of U $ S3.237.83 to a maximum of U $ 3.318.71demonstrating the volatility that characterizes this market.
As the markets continue to fluctuate, Analysts predict that the price of gold could continue on the rise. It is anticipated that factors such as monetary policies of central banks and geopolitical events will play a key role in the evolution of the price of gold.
Investors must remain informed and be cautious when considering their purchase and sale decisions. Without a doubt, gold will continue to be a central issue in economic and financial conversations.
Source: Ambito
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