Reported 8 months ago
Since the outbreak of the Russia-Ukraine war, the price of gold has been continuously rising, reaching a new high at the end of May and still fluctuating at a high level, driven by factors such as increased global central bank gold purchases, high inflation, and economic uncertainty. Experts predict that by the end of this year, the price of gold will continue to rise due to the nearly depleted mining veins, leading to higher extraction costs. With geopolitical tensions rising and the expectation of a Fed rate cut, the prices of gold and silver commodities are expected to increase further, with the main consumer demand focused in China and India.
Source: YAHOO