The FTSE 100, a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization, hit a new record high on Monday, continuing its impressive start to the year. Conversely, the gold market landscape painted a different picture, with gold price continuing to decline. Despite being considered a safe haven asset, gold prices have been on a downward trend. This shift in the commodities market is thought to be driven by investors pivoting towards riskier, but potentially higher returning investments. Markets seem to be buoyed by optimism surrounding economic growth and recovery.
The FTSE100’s record-breaking streak appears to show the confidence of investors in the U.K.’s top businesses and the potential for strong returns. Meanwhile, gold’s value might continue to decline as economic conditions improve post-pandemic and investors continue seeking better prospects. Read More
Leave a Reply