Tuesday, October 31, 2023

Gold Prices Jump since Start of Israel-Gaza War – BBC News

Oct 31, 2023 | The World Bank has been warning of increased risks of price rises of oil but also gold if the Israel-Gaza war escalates. Long seen as a safe haven investment in times of upheaval, the price of the precious metal has risen by about 8% since the start of the conflict in the Middle East. According to a new report from the World Gold Council it is also being bought up by central banks like never before.