The News GodThe News GodThe News God
  • Politics
    • Trump
  • News
    • Wars & Conflicts
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • More
    • Travel & Tour
    • Education
    • Entertainment
      • Biography
      • Net Worth
      • Famous Birthdays
    • General
    • Games
    • Pets
    • Blog
    • About Us
    • Disclaimer
    • Media Partners
    • Why You Need to Read Business News Everyday
    • Authors
    • Terms of Service & Privacy Policy
Reading: Living in a golden age…
Share
Font ResizerAa
The News GodThe News God
Font ResizerAa
  • Politics
  • News
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • More
Search
  • Politics
    • Trump
  • News
    • Wars & Conflicts
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • More
    • Travel & Tour
    • Education
    • Entertainment
    • General
    • Games
    • Pets
    • Blog
    • About Us
    • Disclaimer
    • Media Partners
    • Why You Need to Read Business News Everyday
    • Authors
    • Terms of Service & Privacy Policy
Follow US
  • About Us
  • Authors
  • Advertise
  • Contact Us
  • Disclaimer
  • My Bookmarks
  • Terms of Use & Privacy Policy
  • Media Partners
The News God > Blog > Business & Finance > Living in a golden age…
Business & Finance

Living in a golden age…

Rose Tillerson Bankson
Last updated: April 18, 2023 4:05 pm
Rose Tillerson Bankson - Editor
April 18, 2023
Share
6 Min Read
Tips and Tricks to Sell Your Gold: Quick and Easy Ways to Make Extra Cash
SHARE

Gold is approaching its historical high. Scrooge McDuck is once again the richest fictional character.

Since the days of the Covid-19 pandemic, investors have begun to return more and more often to their roots – to look at how their grandfathers traded metals and follow in their footsteps. Be that as it may, gold has always been the most important economic unit and a way not only to save one’s fortune, but also to boost it. Since the abandonment of the gold exchange standard, the markets have changed their behavior quite a lot. The Nixon shock alone is worth something. Although some economists believe that the shock had positive sides. The fact is, at the beginning of the Nixon reforms, the United States did not have enough gold to back the dollar, and a further exchange of dollars for gold could have caused more negative consequences, especially if the exchange rate against gold was artificially maintained. In this case, after the exhaustion of the US gold reserves, a stronger devaluation could await, and a complete loss of confidence in the dollar as a reserve currency.

Living in a golden age…

But let’s get back to the pandemic times and the protracted crises that constantly replace each other before it. Gold, as a stable unit of account, along with cryptocurrencies, has further strengthened its position as a means of preserving capital, or, in other words, as a safety cushion for large and medium-sized investors.

Just recall the lockdown. The pandemic itself has given a huge boost to e-commerce. Everyone was locked up at home, and no one had anything better to do than to look at the charts of the number of cases and exchange rates. It was then that gold began to attract more and more attention, gaining positions and trading volumes. Already at the end of June 2019, the resistance in the range of 1350-1400, which had held the price since April 2013, was broken through. This was facilitated by a number of factors and news about changes in interest rates.

Related Posts

How to Run a Successful Business: 4 Great Tips
How to Run a Successful Business: 4 Great Tips
Tips for Retail Businesses to Drive More Traffic with Attractive Signs
What Should You do with a Bright New Business Idea?
Currency pair correlation. How does fx align with other assets

The main factor behind the rise in gold prices this year was precisely the global decrease in interest rates against the backdrop of increased geopolitical uncertainties in Europe around Brexit, as well as a trade war between the US and China.

The price of gold is an important economic indicator that allows you to assess the risk appetite of investors. This is manifested by the fact that the higher the trading volumes of gold, the more insecure investors feel in other markets and therefore prefer to hedge their positions in order to offset potential losses.

Gold prices have been rising steadily since November 2022 amid fears that turmoil in the banking sector signals more serious problems for the economy. And in light of recent events related to the US banks, this turned out to be very helpful.

Meanwhile, traders’ attention remains focused on the Fed’s next move on interest rates as the regulator assesses data suggesting higher inflation in February amid the collapse of two regional banks.

Traditionally, metals are seen as a hedge against inflation, but higher rates increase the opportunity cost of owning an unprofitable asset. In other words, it may turn out that gold will be significantly overbought by the time it hits an all-time high.

The news background has a positive effect on price growth, which attracts more and more capital. But if the difficulties disappear quickly and there are no more bank failures, the markets could move quickly in the opposite direction again. However, according to analysts, the overall uncertainty in the financial markets is likely to continue, given the inflated prices for many assets that have taken place in recent years.

Thus, we can conclude that attention to gold and cryptocurrencies, as a means of preserving capital, will only grow. And the trend towards the transition to such assets will continue. Judging by the gold price chart against the dollar (XAUUSD), local highs containing the volumes of sellers are breaking through without any problems. And the acceleration of the market will only continue. The potential for a breakdown of the level of 2000, fixing above it, and moving to a breakdown of 2050 is rapidly increasing. With a high probability, the following may also happen – the price will renew its historical maximum, but at this moment sellers will become more active, especially if this coincides with the strengthening of the banking sector or structural changes in the Fed. In this case, we will be able to see a false breakdown and a systematic decline to the 1900 area. The probability of a quick collapse also remains, but it is too early to even think about the breakdown to 1700.

Be that as it may, gold will not lose its relevance under any circumstances. Traders understand  that if the integrity of printed money fails, then we will again return to the “minting of gold coins”.

What Should You Know About Taking Out A Loan In 2023
5 Common Myths About Small Business Insurance Debunked
Discover DepositDirect: A Novel Solution to Traditional Security Deposits
Sell My House Fast Tampa, And Give Me The Best Price
5 Amazing advantages of buying a French Chateau
Share This Article
Facebook Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article How To Overcome Troubles With Your Writing Homework What are some tips for getting the most out of my home workouts?
Next Article 9 Pointers for Enhancing Your Online Casino Experience El Royale Casino Review: the best place to gamble

Latest Publications

Minneapolis Catholic School Shooting
2 Children Killed, 20 Injured In Minneapolis Catholic School Shooting
News
August 27, 2025
Hamas probably wouldn’t have attacked if Trump were the president, says Benjamin Netanyahu
Hamas “probably” wouldn’t have attacked if Trump were the president, says Benjamin Netanyahu
News
August 27, 2025
Denmark summons top US officials
Denmark summons top US officials over suspected influence operations in Greenland
Politics
August 27, 2025
From Classic to Contemporary: 8 Most Entertaining Vampire Books Ever Written
Entertainment
August 27, 2025
New York Tour Bus Crash
At least 5 dead, Dozen Injured in New York Tour Bus Crash
News
August 26, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe

You Might also Like

Transforming Industrial Steel Buildings for Different Purposes From Warehouse to Workshop
Business & Finance

Transforming Industrial Steel Buildings for Different Purposes From Warehouse to Workshop

March 1, 2024
Business & Finance

How to Overcome Financial Crisis

March 29, 2023
Motorbike Accident
Business & Finance

Is It Worth Getting an Attorney for a Car Accident? (The Answer Is Absolutely)

November 3, 2021
5 Pillars of Financial Freedom
Business & Finance

5 Pillars of Financial Freedom

July 26, 2023
Show More
© 2025 Thenewsgod. All Rights Reserved.
  • About
  • Contact Us
  • Terms of Use & Privacy Policy
  • Disclaimer
  • Authors
  • Media Partners
  • Videos
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?