Safe investments such as gold or the Swiss franc are currently moving back into focus.
(Photo: dpa)
Dusseldorf Gold lives up to its reputation as a popular port of call during uncertain market phases. The precious metal continues its short-term price upswing, temporarily surging above $1,900 an ounce (31.1 grams) by the end of the week. And this despite the fact that interest rates in the USA are likely to rise soon.
Gold was last above $1,900 in June 2021. On Friday morning the price is only slightly below this level.
Currently, several and partly opposing factors are affecting the price of gold. The ongoing tensions with Russia and the real threat of war in Ukraine are creating uncertainty on the stock exchange floor. The Dow Jones index alone lost more than 600 points on Thursday – the highest daily loss of the year.
Investors are therefore increasingly looking for assets that are considered safe – a usual and unsurprising procedure. Investments such as gold, the Swiss franc or the Japanese yen are moving into focus.
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