I think personally the Ukraine War and other wars around the world and Trump have seriously damaged the whole world economy. Starvation worldwide is on the rise worldwide too since Trump ended foreign aid which fed millions of mostly displaced people who often are displaced by wars and weather calamities worldwide.
So, it is not surprising to me that Trump tipped the scales to where people worldwide are now so scared (sort of like after the stock market dropped in 1929 and collapsed which ushered in the Great Depression worldwide. So, I'm thinking Trump and Ukraine and Israel are only three of the causes of the lack of confidence economically worldwide which has raised the price of Gold 70% since the beginning of the year.
partial quote from:
What's behind the surge in gold and silver prices?
The price of the precious metal traded at $4,475 per ounce at 4 p.m. EDT after hitting a high of $4,477 per ounce earlier in the day. The asset has risen more than 70% since the start of this year. Gold is viewed as a safe-haven investment and typically acts as a hedge against inflation.
"The metals trade has been strong all year, and particularly for gold," Bret Kenwell, a U.S. investment and options analyst at eToro, told CBS News. "As its fundamentals remain intact, gold digested its recent rally to all-time highs quite well."
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