Gold prices have risen by 5% this week due to its reputation as a preferred hedge against global uncertainties. This increase is a result of growing concerns over geopolitical tensions and economic instability, leading investors to seek safe-haven assets.
The appeal of gold is particularly strong during times of heightened risk, as it has a long-standing reputation as a reliable store of value. The rise in gold prices reflects the ongoing shift in investor sentiment towards more secure investments in the face of unpredictable market conditions.