Record inflation has led to increased demand for gold

Military actions in Ukraine have had a huge impact on the world economy, primarily noticeable by the acceleration of inflation rates.

Prices are rising at record rates even in countries not directly involved in the conflict; the inflation rate in developed countries has exceeded 10% per annum, and in countries with less stable economies this figure has exceeded 50%.

According to all forecasts, the negative trend is only gaining momentum and we should not expect the situation to stabilize until the end of the armed conflict.

Rising prices also have an adverse effect on the exchange rates of national currencies, which fall against the US dollar and the Swiss franc.

Moreover, not only weak currencies are becoming cheaper, but also such monetary units as the euro and the British pound.

Everyone is buying gold

It is clear that in such a situation, people who have free money are trying to protect it from depreciation by investing in the most stable assets:

Gold is traditionally one of the most popular assets; demand for the precious metal increased by 26% in the first half of 2022.

The population is buying gold bars en masse, and both 10-20 gram bars and kilogram bars costing about $60,000 are in demand.

Despite the fact that after the March rise in gold prices to 2000 per 1 Trinity ounce, the price of the precious metal dropped to $1800, this does not stop new buyers. We should also not forget that this is the price in relation to the American dollar, which itself has strengthened its position by an average of 10% in relation to other hard currencies.

Many regard the current price as a chance to buy gold at a better price, because there is no end in sight to the conflict in Ukraine, and all experts predict an even greater weakening of the global economy:

Moreover, the mark of $2,000 per Trinity ounce has already been passed and with a new increase, further price highs are possible.

Against the backdrop of the current situation, there is a shortage of physical metal in banks and organizations selling precious metals in bullion, so a simpler option would be to buy gold on the exchange through specialized brokerage companies - https://time-forex.com/vsebrokery/brokery-zoloto-serebro

The registration and purchase process will take no more than one hour, and you can sell metal, if necessary, literally in seconds.