Gold Surpasses $5,200 per Ounce

The price of gold rose by up to 1.3% on Wednesday, following a 3.4% increase the previous day, marking the largest daily increase since April. This rise comes as investors turn to precious metals, moving away from the dollar and US bonds.

US President Donald Trump stated that he is not concerned about the fall in the value of the dollar, which has reached its lowest level in the last four years. This decline, combined with increased geopolitical uncertainty, has led to an increase in demand for precious metals.

Gold has risen more than 20% since the beginning of the year, surpassing $5,000 this week for the first time. Silver has seen an increase of over 50% in the same period.

The fall in the Japanese bond market reflects concerns about public spending, while estimates that the US may intervene to support the yen have affected the dollar.