Money and business
3 factors that confirm the continuation of “gold fever” despite the standard high prices
While gold continues to climb to new standard levels, as the ounce recorded $ 3,537 today, Wednesday, it is expected that the demand for The precious metal is strong, in the short term at least, according to expectations for analysts. Mediterranean, with access to $ 4000 in 2026.
searched for America
says Ricardo Evansta, chief analyst at "Activ Traces" For "Reuters": "What is currently supports gold is the downward expectations of the US dollar, which are supported by the expectations of reducing interest rates, investors away from American assets, as well as ambiguity associated with the customs duties war."
The price The dollar about 11% since Donald Trump returned to the White House in January. The decrease in the value of the dollar leads to a decrease in the cost of gold -based gold, which makes gold cheaper for other currencies. "Julius Bayer"
Gold turned from Zina to an investment
The demand for Jewelery Golden, which is the main source of demand, by 14% to 341 tons in the second quarter of 2025, which is the lowest level since the Korona pandem "Metal Fukas" The manufacture of gold jewelry decreased by 9% to 2011 a ton in 2024 and is expected to record a 16% decrease this year. In circulation in gold a more important source of demand for gold this year, as flows of 397 tons recorded from January to June, which is its largest flow in the first half since 2020, according to the World Gold Council. The dollar There is another factor that is no less important than commercial tensions and political conflicts, which is the pursuit of Central banks around the world to enhance their precious metal reserves. />
according to the consulting company "Metals Fox"The annual net purchases of gold by central banks exceeded 1000 metric tons annually since 2022, and the company expects to buy 900 tons this year – the twice the annual average of 457 tons in 2016-2021. - For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
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