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War in Ukraine has boosted gold demand

War in Ukraine has boosted gold demand

Photo credits: afr.com

Even though the modern age has been characterised largely by the introduction of cryptocurrencies, as war breaks out in Eastern Europe, investors around the world—including Australia—are turning to the allure of precious metals like gold to protect their wealth.  

As Jodi Stanton, Rush Gold founder, shares, “People are seeking certainty and want to own a capital preservation asset that is both uncorrelated to, and completely independent of, financial markets,” and gold fits the bill.

Learn about how civil and political unrest often lead to higher demand for gold, here. 

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Source: afr.com

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