Increased oil prices, higher inflation, and reduced consumer confidence have been some of the gloomy predictions in the wake of the recent unrest in the …
The price of gold (XAU) has soared to record highs this year, despite the fact that the factors which usually drive the price of gold would suggest that the price should be declining.
Usually, we would expect increased inflation to drive up the price of gold. Gold is, after all, traditionally considered to be a hedge against inflation.
Alternative currencies are soaring in popularity as Glint, the global gold-based payments system that allows clients to securely save, send and spend multiple currencies including real gold, has announced a new simultaneous crowdfunding round in both the UK and the US.
What’s interesting is that gold prices have continued to struggle even as the US Dollar falls back, with risk appetite continuing to surge as the demand for safe-haven assets and secure stores of wealth declines.
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