PANews reported on March 1st that, according to Jinshi, Tim Waterer, Chief Market Analyst at KCM Trade, stated that gold demand is likely to be higher than usualPANews reported on March 1st that, according to Jinshi, Tim Waterer, Chief Market Analyst at KCM Trade, stated that gold demand is likely to be higher than usual
Analysts: Gold will once again become the preferred safe-haven asset.
PANews reported on March 1st that, according to Jinshi, Tim Waterer, Chief Market Analyst at KCM Trade, stated that gold demand is likely to be higher than usual when the market opens on Monday. Considering the potential duration of the conflict, which other countries might be drawn in, and inflation concerns, gold is expected to regain its role as the preferred safe-haven asset. With stocks and other risky assets potentially facing sell-offs, investors will be looking for optimal cash flow, and gold is likely to be at the top of that list.
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