Market Reactions and Geopolitical Shocks: Precious Metals in July 2024 – Solitaire International Magazine – India’s leading B2B gem and jewellery magazine

From geopolitical shocks to market reactions, July 2024 has been a rollercoaster for precious metals, with gold and silver prices swaying under the weight of political drama and economic speculation. Sanjiv Arole reports.
World War I was said to have been sparked off by a single bullet fired by a Serbian patriot that assassinated Archduke Franz Ferdinand of Austria on 28th June, 1914 in the city of Sarajevo. More than a hundred years later on 13th July, 2024, a 20-year-old nearly assassinated former US president Donald Trump at an election rally at Butler, Pennsylvania. Although it is not likely to culminate into any World War in the foreseeable future, it may have possibly been the starting point of another Trump presidency post the November presidential elections. For, though the bullet was fired at Trump it has already claimed its first victim in President Joe Biden as he withdrew from the November elections.

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