With an increase of more than 5% over one month, gold is once again attractive to savers who had abandoned it somewhat in 2021 in favor of shares or cryptocurrencies. However, the market fundamentals are not very bright. Because let us remember that before being an investment solution, gold is a raw material. Like oil, prices therefore depend on supply and demand. However, demand from the jewelry industry has not increased for several years, it even fell by 40% in 2020 with the pandemic.
If prices remain dynamic, it is above all thanks to investment gold. The yellow metal is considered a safe haven, its price tends to appreciate in times of uncertainty. The ounce of gold has thus experienced two peaks of increase around 2,000 dollars, in 2011 during the European debt crisis and in 2020 during the health crisis. The prices of the yellow metal are also supported by fears of a return of inflation caused by the accommodating policy of the central banks. Central banks, which have also increased by