Gold reached its highest value since October 2012 on Monday, fueled by investor caution on the revival of the economy and in a context of tensions between China and the United States. At 0810 GMT, gold rose to $ 1,765.19 an ounce, its highest value in seven and a half years.
The reasons for this rise are the same as last week, according to analyst Carsten Fritsch of Commerzbank, which listed “doubts about the (rapid) economic revival, reinforced by the disastrous US economic figures on Friday, persistent speculation on interest rates Negative interest in the United States, the flow of ‘cheap’ money, rapidly rising levels of national debt, and fears of a new conflict between the United States and China. “
In the last two months, gold also took advantage of the measures of the main central banks, which have injected unprecedented amounts of liquidity into the economy.