Both precious metals are boosted by their status as safe havens amid geopolitical and economic uncertainty, fueled in particular by Donald Trump’s destabilizing policies.

 

The economy does not like uncertainty, but gold and silver do.

 

As geopolitical conflicts and tensions multiply around the world, with Donald Trump intensifying the feeling of instability with his surprise announcements and U-turns, the prices of both precious metals, seen as safe havens, are soaring.

 

Continuous growth over the past two years

 

On January 26, gold, which has been rising steadily for two years, reached a record high of over $5,100 per ounce (31.1 grams).

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Read also > The surge in gold prices impacts the watch and jewelry market

 

Featured photo: © Getty Images/Unsplash+ – Unsplash

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Sophie Michentef
Sophie Michentef has worked for more than 30 years in the professional press. For fifteen years, she managed the French and international editorial staff of the Journal du Textile. She now puts her press, textile, fashion, and luxury expertise at the service of newspapers, professional organizations, and companies.

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