This gold price It rose this Monday amid fears in the banking industry linked to the bargain purchase of Credit Suisse, breaking above the symbolic threshold of $2,000 an ounce this Monday. Gold lives its prestige to the fullest shelter value and it reiterates its role in the economy in the moments of uncertainty that preceded the acquisition of Credit Suisse by UBS for around 3,000m euros. HE rapid rise in interest ratesIt also emerges as a deadly weapon against companies and banks, which are criticized by many economists for their impact on families, strengthened by unprofitable debts and technological projects with uncertain returns.
In just 10 days, gold increased by 11%. Altitude sickness begins to be blamed and a price regulation, most experts point to credible revaluation trends, even at a price of $2,500 an ounce.
When it comes to gold, various phases have been developed. Since 2018, with a two-year rally and two years at a fixed price. The decline in the price of gold last year surprised analysts, but it has recovered very steadily since November, reaching a one-year high. The $2,000 psychological barrier was also broken in the midst of an epidemic and in the first weeks after Russia’s invasion of Ukraine.
on his behalf, he Bitcoin hit a nine-month high on Friday as cryptocurrency investors pulled funds from banks and were encouraged to swap assets on expectations of changes in interest rate developments. The price of the cryptocurrency has increased by more than 30%, up to approximately 26,000 Euros, It’s the highest point since the onset of the confidence crisis that hit the market last summer. Ethereum has increased by a fifth over the same period.
When it comes to cryptocurrencies, experts search without success for clear correlations. Recently, they provide a certain correlation of bitcoin price with traditional stock indices such as: S&P 500 and Nasdaq Compound. The increase in interest rates also reduces the importance of alternative markets and decreases the financing of technological projects. In this context, the policy of increasing interest rates is questioned with more arguments and the position of those who advocate making the fight against inflation more flexible, oxygenating the tensions that reduce economic growth and causing an unpredictable financial tsunami gains weight.
Source: Informacion
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