According to recent data, the price of gold has increased during the past week on the back of potential onset of a global trade war. Typically, investors tend to flee to invest in precious metals, such as gold, during periods of market instability.
The main reason for the rise in gold prices is the tense situation surrounding the prospects of global economic development due to the threat of trade conflict between the USA and other countries. Investors see gold as a "safe haven" for their investments in conditions of geopolitical tension.
*Expert's quote:* "The stability of gold prices in recent weeks can be explained by the rise of uncertainty and volatility in the market, provoked by emerging trade disputes among countries."
In this way, the price of gold continues its rise against the backdrop of growing risks for the global community and expectations of instability in global financial markets.
