Since the beginning of the summer, gold has significantly outperformed the CAC 40 and the French real estate market. This trend is largely supported by massive purchases by Russia, which is seeking to diversify its reserves and protect itself against global economic uncertainties, particularly on the stock markets.
Stock market: Russia propels Gold above the CAC 40!
Since the summer began, gold has continued to rise, outperforming the CAC 40 and the French real estate market. While the Paris stock market index has fallen by 3% since June 21 and real estate prices have continued to fall, the price of gold has increased by 8% over the same period.
This significant rise in gold is partly due to increased demand from Russia, which has stepped up its gold purchases. This strategy aims to diversify its reserves and protect itself against global economic fluctuations. Indeed, gold is often considered a safe haven in times of economic and geopolitical uncertainty.
Gold's performance contrasts sharply with that of CAC 40the French stock index, which suffered losses due to economic instability and concerns about long-term interest rates. In addition, the French real estate market also suffered, with prices continuing to fall, reflecting weakened demand and tighter credit conditions.
An opportunity for investors?
The current trend shows that gold could continue to benefit from demand from central banks, particularly Russia, which are looking to strengthen their gold reserves. This dynamic could support gold prices in the medium term, offering a stable alternative to investors in the face of volatility in the stock and real estate markets.
Gold has not only widened the gap with the CAC 40 and real estate, but it has also demonstrated its resilience as a safe haven asset. Russia’s aggressive buying strategy could continue to positively influence gold prices, providing an opportunity for stock market investors looking to diversify their portfolios in this uncertain economic environment.
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