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By Opalesque Geneva:

Many financial participants expect gold to surpass $3,000 per ounce this year, (compared to about $1,600 five years ago) driven by inflation, central bank demand, geopolitical uncertainty, and positive technical indicators. As global instability persists, gold's status as a safe-haven asset is likely to strengthen.

A hedge against the world

Gold is becoming a hedge against global market volatility, inflation risks, and a weaker USD, according to Nevine Pollini from Syz Group, a Swiss private bank.

Central banks have been major buyers in their ongoing trend toward de-dollarisation. The World Gold Council expects demand to increase even further this year, with China's People's Bank of China (PBoC) likely to be the top buyer following its six-month pause in 2024. Financial demand for gold has also been rising, with ETF holdings reaching their highest levels since November 2024.

Tariffs - particularly those targeting Canada and Mexico, the main sources of US gold imports - have led to a logistical arbitrage between the LBMA and COMEX gold inventories. However, this ......................

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