Announcement that land operations will begin Israel inside Loop inside war against Hamas made gold prices It exceeded $2,000 per ounce again. According to website data InvestorThe price per gram in Spain this Monday was around 60 euros, compared to 53 euros a year ago. Major gold trading operators tend to warn repeatedly that the effects of war could increase the price of gold. While it is true that the price is flirting with maximum prices, the truth is that it is not possible to establish a direct and immediate relationship between current international conditions and the increase in precious metal prices. Experts continue to warn of a lack of price stability, making the price a less safe value now than in past crises. It is still a safe haven investment, but its speculative nature is now more important.
There was talk of this possibility being discussed just a month ago. price crashNow analysts are analyzing resistance bands for increases in international markets. Experts are aware that there is no major flight towards gold for those looking for a safe haven for their investments. Speculation remains the main factor in the short term.
Carsten Menke, head of research at investment bank Julius Baer, said “gold is up about 10% from recent lows, which is a pretty steep rise compared to past periods of geopolitical shock.” But he believes that the upward trend in prices will largely depend on the course of the war conflict. Julius Baer analysts predict a 65% probability that the conflict will not spread to the region, in which case the price of gold will not increase significantly.