The value of gold identifies one of the most important data also relating to the stability of ancient economies as well as modern and contemporary ones, as this very important resource is an element of fundamentally indispensable relevance even in the 21st century as also demonstrated by the application of various concepts identified on a large scale but which can also be confirmed today: gold has never gone out of fashion, indeed the value has increased considerably in recent years, and this makes the forecasts also in view of the next month of July 2024 worth keeping in mind ‘eye also by virtue of an investment.
In fact, few things symbolize wealth and “safe” investment like this chemical element which can give countless satisfactions even from a future perspective.
According to many analysts, in fact, gold will continue to remain competitive but is absolutely not in crisis.
What is the forecast for the value of gold in July 2024?
A precious resource since the very first development of economies, gold is still the basis above all of the main economies, extractive or otherwise, as being one of the most ductile metals today as in the past, a continuous supply remains very important, primarily for economic sectors but also for specific applications.
Gold is in fact mined in certain contexts and continues to be considered sufficiently rare to appear significant in its impact, even though deposits have now been found in once inaccessible places. For several decades, economies have not been totally dependent on gold as in the past, but due to various political and social events this important resource has come back into vogue.
On average, the value of gold has gradually started to increase again from the 90s onwards, and in particular due to the various economic crises, small and large investors have influenced the market by bringing financial gold but also used gold, designed for manufacturing various types, to undergo a surge: on average gold is worth over 60% more than 5 years ago, and even if it is on average more available than a few decades ago, the demand is always greater than the availability.
Today, cheap gold, similar to 24-carat gold in terms of valuation, can yield almost 70 euros per gram, and it is a considerable sum, even if we take into consideration that in February the value was 60 euros. This leads to the next month being considered even more interesting, as during the central phase of the year the value can increase significantly, up to 63-64 euros per gram.
During the investment phase, the troy ounce is used to highlight the precise value, remembering that 1 troy ounce identifies precisely 31.1035 grams.
