After a disappointing 2021, which saw gold close down 3.6%, 2022 has heralded the yellow metal’s resurgence.
MarketOrders COO, Sukhi Jutla, was recently quoted by Nasdaq on the price of gold.
She said: “The price of gold is rocketing at the moment predominantly because of the geopolitical circumstances. With the increased economic instability caused by the war in Ukraine and Russia, investors are feeling nervous and pulling out of stocks and equities where the returns are dwindling and instead, putting their money into the traditional safe haven of gold.”
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