GOLD CONTINUES BREAKING HIGH HIGHS

In the previous article we explained the different reasons why gold rises year after year and the average rise it used to have, indicating that it was 11%, but this time the first quarter of 2024 has just ended and we are already in a 20%, having started with a price of €60/gr. Now it is approximately €72/gr.

 

Mainly, inflation continues to prevail in all markets, the dollar is depreciating and international tensions, both economic and war, highlight the alarms among investors, leading them to take refuge even more in gold in order to protect their assets.

 

On the other hand, the indices are also rising considerably, raw materials in general as well, and cryptocurrencies are the ones that have performed the best, with greater emphasis on Bitcoin. That is to say, gold is not the only asset that is rising but the growth is widespread. Of course, a lot of FOMO has been generated and any caution at this point is insufficient...

 

For now we will continue to take advantage of these increases, but taking into account that sooner rather than later prices will have to stabilize, which will imply at some point having price corrections.