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الاقتصادية
Major asset managers renew gold investments
The article discusses the return of major global asset managers to purchase their holdings of gold, as they anticipate that long-term factors supporting the precious metal will continue despite the U.S. Federal Reserve's rate hikes and rising inflation. Large asset management firms such as Amundi, Pictet Asset Management, and Fidelity have invested significant amounts, and experts expect demand for gold to remain strong as a hedge against economic and geopolitical crises, even with the challenges posed by rising U.S. Treasury yields and higher borrowing costs. This is attributed to investors' belief that gold remains a safe haven, especially with increased buying from central banks and a decrease in excessive speculative activity, which supports continued price growth of the precious metal despite resistance at the $4,600 per ounce level.
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