He stressed that prices are generally affected by crises and wars for several reasons; Most notably, countries’ reliance on precautions from yellow metal As safe precautions away from currency tumbles and market speculation, as well as affected by the turmoil in global stock exchanges Which usually result from crises or disasters as well as wars.
In a statement to"Sky News Arabia" The mayor predicted that the markets would witness a state of rise and then stability in the coming weeks, with the possibility of a easing of the crisis between the Russian and Ukrainian sides, but at the same time he confirms that prices will not fall again, but what can happen is a state of stability and non-rise.
The mayor points out the reasons why gold prices were affected by the crisis, explaining that it is possible to calculate what countries own of the yellow metal according to two criteria: the first; States’ reserves and strategic stocks, and the second is the property of individuals, which is usually associated with the culture of peoples owning it.
He explains that prices witnessed turmoil and a noticeable rise in conjunction with Corona pandemic two years ago; Due to the tendency of many of the world’s population to invest in the yellow metal as a safe way to save away from the continuing market turmoil affected by the crisis, which is currently happening in conjunction with the Ukrainian war crisis.
On the parallel economy, the economist points out that gold is a safe haven for investors in general, and many countries have also tended during the past decade to convert their financial bonds into gold bars in order to dispel the turmoil concurrent with crises in the markets.
And Bloomberg Agency said, on Saturday, that gold prices recorded a remarkable increase in conjunction with the Ukrainian crisis, and the price of an ounce of gold reached about 1950 dollars during today’s session, compared to 1909 dollars.
وبأت Russia Expanded military operation Ukrainelast Thursday, amid significant economic impacts at the international and regional levels.
The Russian Information Agency quoted Russian Ministry of Defensesaying: "On Saturday, orders were issued to all Russian units in Ukraine to resume their offensive from all directions"after a hiatus on Friday.
On Saturday, the Russian army received orders to expand its attack on Ukraine, despite the growing wave of international condemnation, stressing that Kiev refused to hold negotiations.
The Ministry of Defense said in a statement: "Today, all units received an order to expand the attack in all directions, in line with the attack plan".
The ministry added in a repetition of similar comments from Kremlin: "The pause Friday came in anticipation of talks between Moscow and Kiev, but the attack resumed after Ukraine refused to negotiate".
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According to Dr. Karim El-Omda, professor of political economy, gold prices In an unprecedented manner, in conjunction with the start of the Russian military operation in Ukraine, Thursday.
He stressed that prices are generally affected by crises and wars for several reasons; Most notably, countries’ reliance on precautions from yellow metal As safe precautions away from currency tumbles and market speculation, as well as affected by the turmoil in global stock exchanges Which usually result from crises or disasters as well as wars.
In a statement to “Sky News Arabia”, the mayor expected that the markets would witness a state of rise and then stability in the coming weeks, with the prospects of a easing of the crisis between the Russian and Ukrainian sides, but at the same time he confirms that prices will not return to decline again, but what can happen is a situation of stability and non-height.
The mayor points out the reasons why gold prices were affected by the crisis, explaining that it is possible to calculate what countries own of the yellow metal according to two criteria: the first; States’ reserves and strategic stocks, and the second is the property of individuals, which is usually associated with the culture of peoples owning it.
He explains that prices witnessed turmoil and a noticeable rise in conjunction with Corona pandemic two years ago; Due to the tendency of many of the world’s population to invest in the yellow metal as a safe way to save away from the continuing market turmoil affected by the crisis, which is currently happening in conjunction with the Ukrainian war crisis.
On the parallel economy, the economist points out that gold is a safe haven for investors in general, and many countries have also tended during the past decade to convert their financial bonds into gold bars in order to dispel the turmoil concurrent with crises in the markets.
And Bloomberg Agency said, on Saturday, that gold prices recorded a remarkable increase in conjunction with the Ukrainian crisis, and the price of an ounce of gold reached about 1950 dollars during today’s session, compared to 1909 dollars.
وبأت Russia Expanded military operation Ukrainelast Thursday, amid significant economic impacts at the international and regional levels.
The Russian Information Agency quoted Russian Ministry of DefenseShe said, “Orders were issued on Saturday to all Russian units in Ukraine to resume their offensive from all directions,” after a pause on Friday.
On Saturday, the Russian army received orders to expand its attack on Ukraine, despite the growing wave of international condemnation, stressing that Kiev refused to hold negotiations.
“Today, all units received an order to expand the offensive in all directions, in line with the offensive plan,” the Defense Ministry said in a statement.
The ministry added in a repetition of similar comments from KremlinThe stop Friday came in anticipation of talks between Moscow and Kiev, but the attack resumed after Ukraine refused to negotiate.