Why investor faith in gold remains strong in these troubled times

Quick Summary:

The gold price coming adrift from traditional anchors points to deep uncertainty about the world and concern for the global monetary system.

The fact that the gold price has apparently come adrift from traditional anchors or benchmarks points not only to deep uncertainty on the part of central banks and investors about the state of the world but also to growing concerns over the condition of the global monetary system.

The answer seems to be concerns that there could be severe turbulence ahead.

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Article Details

Author / Journalist: Anthony Rowley

Category: Business

Markets: Hong Kong

Topics: State World Banks Sharp Gold Sustained Precious Price Global Concerns Central

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-07 @ 16:30:09 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 243 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22396515

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About SCMP

Main Topics: Business

Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 4 hours ago

Coverage Areas: Hong Kong

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News Language: English

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Publisher ID: #42

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