Gold on the world market already costs over $ 1420 per ounce. At the end of May, it was less than $ 1,300 per ounce. Over the past month, gold has increased more than 10 percent
Z³oto. Quote from last month Source: investing.com
Zlot under geopolitical influence
Thus, gold prices are at the highest level for six years. There are several reasons for this increase. The one who has not only noticed in recent days is the conflict between Tehran and Washington. After the shooting of the American reconnaissance dragon and the sharp messages from both sides, the risk of tensions in concrete actions increased, even military.
Conflict with Iran scares investors and some of them hasten investments from riskier assets on so-called safe ports. Such a sanctuary is seen among other things of gold. What happens around Iran, including the introduction of new sanctions from the United States and proposals for the closed road for diplomatic negotiations, increases the price of bullion.
In addition, the top of the G-20 is ahead of us, on which Donald Trump and Xi Jinping have to talk about a commercial dispute that has been going on for many months.
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Fed and dollar
There are also US central bank (Fed). Last week, the Fed suggested it was ready to ease monetary policy, ie to cut interest rates.