Gold – Safe Haven in Recession?

Frankfurt The gold price is currently bobbing at the level of around 1850 US dollars per troy ounce. Different influencing factors keep the price of the precious metal at the level. But experts see potential for an increase in the direction of well-known record highs.

Gold prices lack a clear trend, notes Saxo Bank analyst Ole Hansen. The higher bond yields and the stronger US dollar do not speak in favor of gold. The precious metal does not generate current income like bonds, which tends to make gold less attractive. And a strengthening dollar makes the coins more expensive for international investors. Gold, on the other hand, was made more interesting by the bleaker prospects for global growth, for example from the World Bank in its function as a crisis currency.