Cryptocurrencies, wars, slow global growth risks to gold: Fitch Solutions co BMI
Fitch Solutions Company BMI has predicted heightened gold prices due to potential escalations in the Israel-Hamas conflict and the Ukraine war, drawing investors seeking safety. Concurrently, younger retail investors favor cryptocurrencies, posing a long-term challenge to gold. The report foresees minimal easing in gold prices post-2024, driven by a shift to greater risk-on sentiment amid global economic recovery.
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