Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020. - Gold prices hit 2,000 USD an ounce on markets for the first time on August 4, the latest surge in a commodity seen as a refuge amid uncertainty.
Why Precious Metals? Is Gold Really Useful In Times Of Crisis? See For Yourself. The gold price increase noted for Iraq-Kuwait War 1990 refers to the run between August 1 and August 14, 1990, during the height of the conflict.
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Runaway inflation is soaring throughout the developed world. The Russia-Ukraine conflict looks more and more likely to be a long, drawn-out struggle.
Given the geopolitical tensions surrounding the situation in Ukraine and a looming recession in many parts of the world, gold may continue to be an attractive asset…”— Jason Mountford
UNITED STATES, May 31, 2022 /EINPresswire.com/ -- Regal Assets, a leading provider of Precious Metals IRAs, believes that the current economic disruptions will persist and will continue pushing gold and silver prices higher. Runaway inflation is soaring throughout the developed world, global supply chain problems persist, the Russia-Ukraine conflict looks more and more likely to be a long, drawn-out struggle - and now serious recession fears are arising in the United States. It all adds up to massive economic uncertainty, a condition which, historically, has always spurred investors to seek safe-haven investments in alternative assets such as gold and silver.
The latest bad news economic surprise: the first quarter GDP numbers for the US. The report caught many financial and market analysts off guard, showing GDP growth taking a serious plunge to the downside – not only not growing at all, but shrinking at an annualized rate of 1.4%. That figure represents a substantial departure from the Dow Jones projected estimate of 1% positive growth. The sour GDP numbers are