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's understandable that in such a situation, people with spare cash try to protect it from depreciation by investing in the most stable assets:

Gold has traditionally been one of the most popular assets, with demand for the precious metal growing by 26% in the first half of 2022.

The population is buying up gold bars en masse, with demand for both 10-20 gram bars and kilogram bars costing around $60,000.

Although gold prices have fallen to $1,800 per ounce since March's rise to $2,000 per ounce, this hasn't stopped new buyers. It's also worth remembering that this price is relative to the US dollar, which has itself strengthened by an average of 10% against other hard currencies.

Many see the current price as an opportunity to acquire gold at a better price, as the conflict in Ukraine shows no sign of ending, and experts predict an even greater weakening of the global economy:

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

Given 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 the metal, if necessary, in literally seconds.