• ABOUT US
    • History
    • Our Team
    • Advertising
    • Subscription
  • CONTACT US
Georgia Today
No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
No Result
View All Result
Georgia Today
No Result
View All Result

Geopolitical Tensions Drive Surge in Oil and Gold Prices Worldwide

by Mariam Gorkhelashvili
October 9, 2023
in Business & Economy, Magazine
Reading Time: 1 min read
Geopolitical Tensions Drive Surge in Oil and Gold Prices Worldwide

The global prices of both oil and gold have experienced significant increases recently, attributed to the attack carried out by “Hamas” on Israel. Since the commencement of hostilities, oil prices have surged by 5%, while tensions in the market continue to mount. Gold prices also saw a notable increase of 1.2% within a single trading day.

The surge in gold prices can be attributed to heightened demand, a common occurrence among investors during periods of market volatility. Gold is often considered a safe-haven asset in times of uncertainty, and it promptly rose in value by 0.9-1.2%.

Analysts are predicting that if the escalation of the situation persists, gold prices may continue to climb. Both gold and oil were trading at their lowest levels since spring in the week leading up to these events. However, the emergence of geopolitical uncertainty has reversed this trend. Monitoring the situation closely is advisable, as further developments could have additional impacts on these commodity prices.

 

By Mariam Gorkhelashvili

Tags: GoldHamasIsraelOil
ShareShareTweet

Related Posts

TI Georgia accuses ACB head of hiding Ivanishvili’s asset disclosure
Business & Economy

TI Georgia accuses ACB head of hiding Ivanishvili’s asset disclosure

June 20, 2025
PMCG: Number of high earners doubles in Georgia, gender gaps remain
Business & Economy

PMCG: Number of high earners doubles in Georgia, gender gaps remain

June 20, 2025
The beneficiaries of ‘Collaborate For Impact.’ Source: Impact Europe
Business & Economy

340+ Enterprises Supported, 160 Jobs Created: EU-funded Project ‘Collaborate for Impact’ Presents its Results

June 19, 2025

Recommended

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

1 month ago
Experience Seamless Connectivity with Silknet eSIM in Georgia

Experience Seamless Connectivity with Silknet eSIM in Georgia

12 months ago
Champion Karateka Luka Khvedeliani on the Benefits of Georgian Karate for Georgia’s Youth

Georgia to Celebrate First Europe Day with European Union Candidate Status

1 year ago
Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

3 years ago
Natia Mezvrishvili on Dealing with 2 Political Giants

Natia Mezvrishvili on Dealing with 2 Political Giants

3 years ago
Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

3 years ago
GT Interview with Giorgi Badridze

GT Interview with Giorgi Badridze

3 years ago
Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

3 years ago

Navigation

  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

Highlights

Georgian NGOs Decry ‘Russian-Style’ Data Demands from Gov’t

EU Condemns Georgia’s Media Crackdown, Demands Release of Journalist Mzia Amaglobeli

MEP Kols: I strongly demanded strict sanctions against the regime suffocating democracy in Georgia

EU Parliament urges immediate release of Amaglobeli, Devdze, Japaridze, Melia, Gvaramia & Saakashvili

Economist Khishtovani: Business climate in Georgia continues to deteriorate

Anti-Corruption Bureau denies unlawful data requests

Trending

Experience Seamless Connectivity with Silknet eSIM in Georgia
Business & Economy

Experience Seamless Connectivity with Silknet eSIM in Georgia

by Georgia Today
June 26, 2024

Why Silknet's eSIM could be your top choice in Georgia  Since its introduction, eSIM technology has become...

Photo by the author

Virtuosity and Versatility: Marc-André Hamelin Opens Tbilisi Piano Festival 2024

May 30, 2024
  • Where.ge
  • Newspaper
  • GEO
  • Magazine
  • Old Website

2000-2024 © Georgia Today

No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

2000-2024 © Georgia Today