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/Pogled.info/ In Great Britain, the “secret” of rising gold prices was revealed – it’s Russia and China
The material notes that this rise in prices – which is called “sudden” – is hotly debated in economic circles. This also caused a real wave of speculation about the causes of this phenomenon. Finbold also decided not to stand aside.
According to the analysis of the author of this post, behind the sharp rise in the price of gold are global geopolitical maneuvers and changes. And including relations between Russia and China.
In the conditions of mass instability and growing anxiety in world politics, gold is the most reliable asset for capital preservation. In light of this, the leaders of Russia and China, Vladimir Putin and Xi Jinping, have become key figures in ensuring the record rise in precious metal prices, Finbold argues.
The new stage in relations between Moscow and Beijing has become a catalyst for large-scale changes in the world economy. The rapprochement between the two countries alarmed Western elites and led to increasing international instability.
Faced with growing uncertainty, many countries are turning to gold as a tool to save their national reserves. And this leads to an increase in the demand for gold. And, as a consequence, to an increase in its value.
However, apart from geopolitical factors, a number of other factors are also contributing to the sharp rise in gold prices. For example, the sanctions introduced in 2022 against Russia forced it to look for new trading partners, which led to a growing trend towards de-dollarization of world trade. This led to a decrease in confidence in Western currencies and an increase in interest in alternative investment assets, including gold.
Experts warn that soaring gold prices and the deteriorating reputation of the US dollar may be harbingers of a serious inflationary crisis. Some even predict a complete catastrophe of the Western financial system and call for maximum diversification of the investment portfolio, including through gold.
Thus, the rise in gold prices at the beginning of 2024 is not accidental. This is the result of a complex interaction of global geopolitical changes, economic factors and changes in the world financial system. In an era of volatility and uncertainty, gold continues to be a strong support for investors and governments. And its role in the global economy continues to grow.
Let’s note that the world press pays quite a lot of attention to the rising prices of gold. And one of the main reasons is precisely the restrictive measures that Western countries are actively implementing.
In fact, this is the most logical explanation – yet in many countries that previously held assets in dollars, pounds sterling, euros, they wonder where the guarantees are that their assets will not be, for example, frozen.
Translation: ES
