Today, the price of gold continues to remain high and has a tendency to increase to nearly 2385 USD, with moments approaching the threshold of 2,400 USD/ounce.
Escalating tensions in the Middle East serve as a supportive factor for gold. Recent capital flows have consistently sought out gold as a safe haven. Gold could easily surpass the 2,400 USD/ounce mark for the second time if conflicts intensify in this region. Furthermore, it has already risen due to central bank purchasing activities and expectations of increasing inflation.
Escalating tensions in the Middle East serve as a supportive factor for gold. Recent capital flows have consistently sought out gold as a safe haven. Gold could easily surpass the 2,400 USD/ounce mark for the second time if conflicts intensify in this region. Furthermore, it has already risen due to central bank purchasing activities and expectations of increasing inflation.
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