{"id":50619,"date":"2024-06-11T17:00:00","date_gmt":"2024-06-11T15:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=50619"},"modified":"2024-06-12T08:47:39","modified_gmt":"2024-06-12T06:47:39","slug":"gold-doubled-value-five-years","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/gold-doubled-value-five-years\/","title":{"rendered":"Gold has doubled in value in the last five years"},"content":{"rendered":"
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Since the beginning of 11Onze, we have been informing our community that gold is a great tool to protect savings and that its price would continue to rise. Time has proven us right. In the last five years, it has experienced a spectacular increase in value, doubling its price and reaffirming itself as the most valuable asset on the market.<\/b><\/h3>\n

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The price of gold has consolidated above 2,150 euros per ounce after the third consecutive month of upward movement, despite the slight drop in price in mid-May. The strength of its price during the first five months of the year has been caused by <\/span>strong demand from central banks in emerging economies<\/b> due to geopolitical tensions and persistent inflation.<\/span><\/p>\n

Since the beginning of the year, gold has risen 17%<\/b>, following the upward trend of 2023 when, although it experienced some fluctuations during the year, it rose <\/span>15%<\/span><\/a> on the back of the US banking crisis, geopolitical tensions, military conflicts and the US Federal Reserve’s monetary policy.<\/span><\/p>\n

John Reade, chief market strategist for Europe and Asia at the World Gold Council, noted a month ago that <\/span>gold prices have experienced a remarkable rally, doubling over the past five years since 2019<\/b>. What’s more, Reade pointed out that the gold metal’s price performance has been largely independent of that of the US dollar, which is usually one of the biggest drivers of gold prices.<\/span><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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