- As per a Reuters report released today, the prices of gold have increased by over 1%, motivated by a pullback in the dollar.
- As inflation levels have been hitting the roof and the UK economy is showing signs of a slowdown, analysts say that the economy may be headed towards a recession.
Gold is considered a safe investment amid geopolitical crises or economic slowdown. But the prices of gold are usually volatile amid economic downturns. As per a Reuters report released on 29 April, the prices of gold have increased by over 1%, motivated by a pullback in the dollar. This came despite the fears of interest rate hikes by the Fed creating the expectation of a monthly decline in bullion prices.