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Geopolitical tensions, including the Russia-Ukraine war and the Israel-Hamas conflict, are reshaping markets, with the IMF warning of a potential decline in global growth by 2025. Gold has emerged as a safe-haven asset, while oil prices stabilize amid supply concerns. Australian stocks like GrainCorp and DroneShield show varied performance, with analysts maintaining positive outlooks despite recent challenges.
Gold prices are experiencing upward momentum due to safe-haven demand amid geopolitical tensions and uncertainty surrounding the US Presidential election. Analysts predict a potential rise to $3,000/oz over the next year, supported by macroeconomic factors and ongoing investor interest, despite some recent profit-taking in major Australian gold stocks. Notably, while mine production is set to reach record levels in 2024, central bank purchases have slowed, and high prices are impacting jewellery demand, particularly in India.
Jonathan Tacadena
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
geopolitical tensions impact markets and highlight asx investment opportunities
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05:28 28.11.2024
gold prices surge amid geopolitical tensions and economic uncertainty
Australian Dollar
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01:23 30.10.2024
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