Crypto Blog
Ever since the conflict, or war, between Israel and Hamas started a couple of weeks ago, two assets have been showcasing notable price increases – bitcoin and gold.
The Israel-Hamas war started exactly three weeks ago, and gold’s price against the dollar was at a local low of around $1,830. AsHowever, the political uncertainty started affecting the market, and gold went on a massive roll. It quickly reclaimed $1,900, kept surging, and even flew past the coveted $2,000 mark late on Friday night. As such, the bullion has jumped by roughly 10% since October 6.
It added that every investment tool carries certain risks, and even though some, such as gold, have had a long history of serving as a hedge against inflation and political uncertainty, future performance cannot be forecasted based on past movements.has a proven track record of being a reliable hedge against inflation. It tends to maintain its value over long periods, even in times of high inflation.
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