Gold shines brightly.
And above all, it does not seem to want to come down from its cloud, around 2100 dollars per ounce (31 grams), on which it has been floating since December.
It even reached $2,195 in recent days, its absolute record.
This vigor is surprising.
The price of this safe haven has a habit of soaring during major geopolitical crises – invasion of Ukraine in 2022, October 7 attacks in Israel – or when the stock market collapses – subprime crisis in 2008, Covid in 2020, bankruptcies of American banks in 2023. However, nothing like this in recent days... On the contrary, the Paris Stock Exchange, boosted by the good results of French companies, has also been setting records since it crossed the symbolic threshold 8000 points on March 7.
And across the Atlantic, the Nasdaq as well as the S&P 500 are sailing at heights not seen for weeks, despite a slight decline in recent days.
Main explanation of this euphoria which sets us on fire…
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