The US Goldman Sachs bank expected that the prices of the gold ounces would exceed $2500 this year.
The bank explained that this increase is due to the continued Russia-Ukraine war, and the slowdown of the world economy, alongside the increase in the raw material, and products after the imposing of the sanctions against Russia.
Advertisements
Gold prices registered record-breaking jumps amid the Russia-Ukraine war in six weeks with expectations of increasing the demand for the yellow metal as gold is a safe economic instrument for investments in the light of the decline of international currencies, and unstable performances of markets and stock exchange.
Contributed by: Rana Atef
