At the beginning of August, against the background of the rout in the stock markets, the price of gold still fell: on August 5, gold showed a gain of 16.52% compared to 2024, and the CAC 40 is in the minus -5.12. %. Thus, the yellow metal’s performance in 2024 was 21% better than French stocks.
The rout of the world’s stock markets, which are experiencing a wave of panicunder the influence of 3 combined elements: the risk of fire in the Middle East, the increasingly justified fear of a US recession and the prospect of disappointing company results, especially in the technology sector.
Is the excellent health of the US economy waning? It’s a question that worries the markets after the release of several troubling economic indicators, especially on employment.
Towards a conflagration in the Middle East?
Promenade d’Orsay advises French citizens to leave Lebanese and Iranian territories due to the risk of fire in the region after the elimination of the political leader of Hamas on Iranian soil and the military leader of Hezbollah in Lebanon
FUN FACT: An Olympic gold medal contains only 6 grams of gold!
Designed by Chaumet, the jeweler of the LVMH group, and manufactured by Monnaie de Paris, the Olympic medals weigh around 500 grams. But the most prestigious, the gold medal, actually contains only 6 grams of gold, which covers the rest of the medal, which is in…. Money.
If it were resold for its weight in pure gold, an Olympic medal would fetch about 300 euros. Fortunately, there are things that are priceless, especially when you put so much effort into getting them!