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المشهد العربي
Bankers affirm gold as a safe haven
Banking and financial market experts reaffirmed that gold maintains its status as a safe-haven asset, especially amid rising concerns over accumulating sovereign debt and geopolitical unrest. This has strengthened its appeal as a hedge against risks. The Deputy Governor of the Bank of Italy noted that gold is considered the primary safe haven, particularly in the current global environment marked by increasing political uncertainties. Deep structural changes are also observed in the global gold market, with investment demand supported by the Chinese market, which is the largest consumer. Metals Focus predicts that gold prices could reach $5,330.
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