Gold surpasses $3,400 and consolidates as the preferred refuge for investors. 💼🏆🤔
Gold has marked a new historical record by exceeding $3,400 per ounce, consolidating itself as the most attractive asset in times of economic uncertainty.
This rise comes amid the escalation of the trade war led by the United States and as a direct response to Donald Trump's tariff policies.
A safe haven amid economic chaos
In times of geopolitical and financial tension, investors seek assets that protect their capital.
Gold has always been considered a safe-haven asset and now it proves it once again. This Monday, the price of the precious metal rose nearly 2.5%, reaching $3,405 per ounce. This represents a 30% increase so far this year.
With this performance, gold positions itself as the most profitable commodity of the year, clearly surpassing soybean oil, copper, and coffee.
Central banks have played a key role in the surge of gold.
They have been buying more than they sell for fifteen consecutive years, and in the last three years, they have exceeded 1,000 tons in net purchases.
This data, shared by Crédit Mutuel Asset Management, confirms a clear trend: the accumulation of gold by central banks continues unabated.
