Against the backdrop of rapid growth in international gold prices, residents of a number of Asian countries really did rush to buy bullion — and in the first half of the day, stores sometimes closed by noon. Vietnamese people in a number of cities lined up at dawn when legislation finally abolished the state monopoly on gold trading.
Meanwhile, the price of gold has already surpassed $4,300 per ounce and continues to hit historic highs.
Growing expectations of a Fed interest rate cut and tensions in US-China relations have pushed investors toward “safe havens” — gold has become a safe asset. Against the backdrop of inflationary pressure and market volatility, the precious metal is once again in the spotlight for investors.
In Australia, at the peak of gold price growth, areas and rivers traditionally used by amateur gold miners (washing gold in river streams) are once again attracting attention. Some people are earning hundreds of dollars in just a few hours. This phenomenon is being covered by the media as a “gold renaissance” not only in the corporate sector, but also among mass investors.
Earlier, the Experts Club analytical center presented an analysis of the world’s leading gold-producing countries in its video on YouTube channel — https://youtube.com/shorts/DWbzJ1e2tJc?si=YuRnDiu7jtfUPBR9
