Gold resumes its role of safe haven

After stagnating for months, the price of gold has risen as a result of poor stocks. Indeed, the American as well as the Asian stock markets completely dropped dramatically last week creating panic. Investors have therefore taken refuge in safer values ​​such as gold. We have seen gold rise from 1031eur per ounce to 1061eur (+ 3%) an ounce in one day (Wednesday 11/10/18). This performance represents the largest increase in more than two years.

In addition to the pressures from the stock market, gold growth is also fueled by political tensions between the United States and Saudi Arabia. The market is expecting Saudi Arabia's reaction to oil in response to the assassination of a Saudi journalist.

As for other precious metals, silver did not perform as well while platinum and palladium reached their highest level for months.