In several Asian countries, in recent days, long queues have been forming outside goldsmith shops. With the price of gold reaching record values, demand is increasing, in the hope that the investment will continue to increase in value in the coming weeks.
Gold rising and demand increasing, especially in Asian markets, with long queues forming outside goldsmith shops.
This year, gold has already appreciated by 50% and reached a record high of 3,500 euros per ounce – one ounce is around 31 grams and is the standard measurement for the market.
Buyers seem to believe it is worth buying because the price will continue to rise and it is a safe investment.
The global appreciation of gold is mainly due to massive purchases by several central banks, which are investing in the metal.
On the other hand, a weaker dollar and fiscal uncertainty about the future lead markets to choose to buy gold to offset higher risk investments.
But not everyone is happy with the appreciation of gold. In India, those who sell jewelry and small objects say the increase is leading to the loss of millions of customers.
In other words, of all those who cannot buy gold at these record prices.
