"The price of gold has soared as investors seek out safe havens amid heightened economic uncertainty. The gold market is booming as investors seek a safe haven for their investments amid global economic uncertainty. The price of gold has risen by nearly a third over the past year, surpassing $3,550 per ounce on Wednesday to hit an all-time high. list of 4 itemslist 1 of 4list 2 of 4list 3 of 4list 4 of 4end of list Some analysts expect prices to keep climbing amid a tumultuous geopolitical environment."
"Gold is also favoured by investors who are distrustful of governments and financial institutions because it is a commodity that can be physically owned and stored. There are two main methods of trading gold. The first is through the purchase of bullion in the form of bars, ingots, jewellery, or coins. The second option is to trade financial products. Investors buy and sell gold futures contracts to buy or sell gold at a certain price and exchange-traded funds that track gold's price."
Gold prices have risen by nearly a third over the past year, surpassing $3,550 per ounce to reach an all-time high. Investors have increasingly sought gold as a safe-haven asset amid heightened economic and geopolitical uncertainty. The wars in Ukraine and Gaza and trade tensions have contributed to a sharp price rise over two years. Gold appeals to investors distrustful of governments and institutions because it can be physically owned and stored. Gold can be acquired as bullion—bars, ingots, jewellery, or coins—or via financial products such as futures contracts and exchange-traded funds. The metal's price often moves inversely to the US dollar.
Read at www.aljazeera.com
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