Money and business

54% increase in 10 months… Gold continues its gains and expectations for more


Continue Goldits historic rise, exceeding the level of ($4,000) per ounce, driven by global geopolitical and economic risks, recording an increase of about (54%) since the beginning of the year, in the largest annual jump since the oil crisis in 1979.

The Metals Focus report indicated that central bank purchases exceeded (1,000) tons annually since the year (2022), it is expected that purchases this year will reach about (900) tons, i.e. double the annual average between (2016) and (2021).

An expected rise

The accommodative monetary policies and the postponement of raising interest also contributed to enhancing the demand for gold as a safe haven.

Analysts believe that gold crossing the $4000 barrier may open the way To rise further until the year (2026), while Goldman Sachs raised its expectations to The price of gold in December (2026) reached (4900) dollars per ounce instead of (4300).

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