⚠️Automatic translation pending review by an economist.
For American households since 2012, the potential direct wealth effect—the potential increase in consumption resulting from a rise in their financial income—would come from the stock markets. While the real estate market has been gradually recovering over the past five years, accounting for the 22.6-point increase since January 2012, the price of gold reflects a decline in uncertainty and global demand, particularly from emerging countries.
