Gold prices are still rising. The price of the metal is up 10% so far this year - less than six weeks in.
And the reason? Basically it’s Trump.
#Trump #Gold #Economy
And the reason? Basically it’s Trump.
#Trump #Gold #Economy
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NewsTranscript
00:00Gold prices are still rising. They are rapidly approaching $3,000 an ounce.
00:05That would make a gold bar, you know, the ones you see in films, worth $1,200,000.
00:12Less than six weeks into the new year, the price of the metal is up 10% so far.
00:17And the reason? Basically, it's Trump.
00:20Gold tends to rise during periods of uncertainty.
00:23And right now, when no one knows what the US government will do,
00:26gold seems like a safe place that even Donald Trump cannot crash.
00:30But there's more to it.
00:32Trump's tariffs and economic threats have also made countries wary of the US dollar.
00:37If the United States is an unreliable partner, it's better not to rely on its currency.
00:43So central banks around the world have been switching their reserves into gold.
00:48For now, many analysts expect the trend to continue as demand pushes up prices.
00:53And higher prices makes gold even more attractive.