The price of gold has seen a huge increase. The world’s major armed conflicts and sensitive relations between states are the main factors that keep gold and oil prices high.
Gold is breaking new records, both at the BNR rate and on international markets.
Regarding the NBR exchange rate, it is important to say that gold has crossed the threshold of 333.38 lei, and on international markets it is reaching maximums.
Basically, he broke the three record thresholds.
The one achieved during the pandemic, the one achieved during the outbreak of the conflict in Ukraine and the one achieved during the US banking crisis last year.
There are several reasons for this rise in gold. Economists and investors expect an easing of monetary policy, thus a drop in interest rates.
Investors look to place their money in safe investments, with gold being considered a safe investment to protect against the effects of inflation and also earn a profit.
In all this context, it is important to say that the price of oil also increased compared to last month.
Moreover, oil and gold are two of the most sensitive to geopolitical changes.
