đ°Gold exceeds 5.000$ per ounce
For the first time, the price of gold has crossed the threshold of 5,078.54 $ (+1.8%) per troy ounce. Silver has also set a record, at around 107.64$ per ounce (+4.3%).
Why this increase?
Precious metals are considered "safe haven" assets during times of uncertainty. Currently, two factors are worrying the markets:
âïžThe risk of a partial shutdown of the U.S. government on January 31, due to a political disagreement over funding. After federal agents shot a man in Minneapolis, Democratic senators are refusing to vote on the budget without serious changes to domestic security policies.
đDonald Trump's threat to impose 100% tariffs on Canadian imports if Toronto signs a trade agreement with China.
Additionally, the dollar has reached its lowest level in four months, reports Bloomberg.
