Gold prices rise during worldwide trouble: a safe place for investors.
Reading
Gold looks shiny and nice. People really like it. The price of gold changes when the world has problems. The price of gold has been going up and down. But it is still much higher than last year.
Gold prices have gone up a lot this year. Stock prices have gone down. People buy gold when they are worried. They think it is a safe place to put their money.
Australia has a lot of gold under the ground. They are digging it up. The gold is made into bars that are very pure. It does not take long to get the gold to stores.
Gold prices went up even more after Trump put tariffs on things. Problems in the world also made gold more popular. Central banks started to buy gold too.
The price of gold went down a little after the US said they would not tax gold. But experts think the price could go up again. Gold can be a good investment if other investments don't do well.
Questions
Why do people buy gold?
People buy gold when they are worried. They think it is a safe place to put their money.
What happened to gold prices this year?
Gold prices have gone up a lot this year.
Where does Australia have gold?
Australia has a lot of gold under the ground.
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