Along with stocks and bonds, the price of gold has also been on the rise in recent weeks. But there is a special price momentum that gold, in particular, has.

Gold, a tried and tested inflation hedge, has reacted to the inflationary trend in an unusual way. Last week, it has risen significantly in price, despite the decline in inflation in the US.

The Swiss Federal Customs Administration reported that in October 2022, about 377.1 tons of gold, silver and coins worth 8.9 billion Swiss francs were imported into the country. The country's exports, on the contrary, amounted to about 379.3 tons of gold,

Australian broker Pepperstone believes that gold could soon break through $1,800 per ounce, according to Kitco News. “We are seeing signs of consolidation ahead of a possible test of $1800/04 and beyond. We remain positive, but would reconsider at $1,739