Economic expert Jamal Ajaj stated that gold prices are experiencing a strong upward trend, driven by escalating trade and geopolitical tensions worldwide. He noted that gold continues to perform as a safe haven during times of political and economic uncertainty. Ajaj emphasized that current global dynamics, particularly trade disputes between major powers like the U.S. and China, are increasing investor interest in gold as a hedge. He predicted that gold prices could reach up to $4000 per ounce if tensions persist without swift diplomatic resolutions. Furthermore, Ajaj highlighted that the demand for gold is not solely linked to political tensions but also to waning trust in major currencies, prompting investors to seek stable and high-value assets. Markets are likely to see further increases in precious metal prices in the coming months.
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