The Iran war affects investment in gold

The volume of investment in gold decreased during the first quarter of this year, according to sector data, yesterday, after the Iran war forced some investors to sell their properties to provide liquidity.

The volume of investment decreased by 5% during that period, according to the World Gold Council, despite gold prices recording a record level last January, as investors sought a safe haven in the face of the weakness of the dollar and the fluctuations in the monetary policy of US President Donald Trump.

Juan Carlos Artigas, an expert at the World Gold Council, said: “Gold is often sold first when liquidity is needed, due to its wide acceptance.”