Key Highlights
- The spot gold price has moved from $2,624 per troy ounce to the current trading price of $4,479, resulting in a stellar gain of 71% over the last one year.
- For centuries, gold has earned a reputation as a reliable safe-haven asset.
- Its inherent ability to retain, and often appreciate, value makes it an attractive option for investors seeking stability amid market volatility.
- As a result, investors typically turn to gold during periods of heightened uncertainty.
- Over the past year, the world has witnessed escalating geopolitical tensions involving several key countries, including oil-rich nations such as Russia and Iran, while conflicts in the Middle East remain unresolved.
