Nasser Zuhair, head of the economic affairs department at the European Organization for Policies, stated that gold prices are expected to experience a significant upward trend over the next five years, potentially reaching levels between $4000 and $4500 per ounce. He attributed this anticipated surge to a combination of geopolitical and economic factors, with trade wars being a primary driver. Speaking on the television program “The Final Word” hosted by Lamis Elhadidi on “ON E”, Zuhair noted that the current dip in gold prices is merely a temporary “partial decline or correction”, which will soon give way to renewed growth.
Zuhair explained that the dynamics propelling gold’s rise are no longer limited to traditional military conflicts but are now strongly influenced by economic tensions. He highlighted that “Gold reacts to tariffs, and it seems Trump has not ended his trade wars, whether with the European Union or China.” Additionally, he pointed out that any escalation in the “Taiwan conflict” with China would immediately drive up the price of the precious metal.
Central banks worldwide are purchasing gold in massive quantities as a hedge, reflecting a declining trust in the dollar or euro as the sole safe havens. Investors and hedge funds continue to turn to gold during any economic or political “shock”, given its proven reliability in recent years. On Tuesday, gold prices retreated slightly in the global market, reaching $3303 per ounce.
— news from (Portal Alshorouk)
— News Original —
Economic Expert Predicts Gold to Reach $4500 Within 5 Years Amid Declining Trust in the Dollar
Nasser Zuhair, head of the economic affairs department at the European Organization for Policies, stated that gold prices are expected to experience a significant upward trend over the next five years, potentially reaching levels between $4000 and $4500 per ounce. He attributed this anticipated surge to a combination of geopolitical and economic factors, with trade wars being a primary driver. Speaking on the television program “The Final Word” hosted by Lamis Elhadidi on “ON E”, Zuhair noted that the current dip in gold prices is merely a temporary “partial decline or correction”, which will soon give way to renewed growth. Zuhair explained that the dynamics propelling gold’s rise are no longer limited to traditional military conflicts but are now strongly influenced by economic tensions. He highlighted that “Gold reacts to tariffs, and it seems Trump has not ended his trade wars, whether with the European Union or China.” Additionally, he pointed out that any escalation in the “Taiwan conflict” with China would immediately drive up the price of the precious metal. Central banks worldwide are purchasing gold in massive quantities as a hedge, reflecting a declining trust in the dollar or euro as the sole safe havens. Investors and hedge funds continue to turn to gold during any economic or political “shock”, given its proven reliability in recent years. On Tuesday, gold prices retreated slightly in the global market, reaching $3303 per ounce.