The dream of $5,000 gold in the shadow of the Iran war Is the global Great Leap ounce delayed? | Why haven't big investors entered the market yet? According to Kitco News, in recent years the global gold market has moved away from the traditional framework of supply and demand and has become a field of competition between more opposing economic and political forces than before. On the one hand, geopolitical uncertainty, concern for the future of the global economy provide the basis for strengthening the demand for the yellow metal; On the other hand, the increase in interest rates and the strengthening of the dollar can reduce the attractiveness of investing in gold. Chris Mancini, the joint manager of the investment portfolio of the Gabli Gold Fund, stated that if the conflicts in Iran and the interruption of oil shipments through the Strait of Hormuz had been resolved during the summer, the price of gold per ounce would have reached $5,000 by now. According to him, if the October employment report, due out in early November, shows that the US economy lost 100,000 jobs, the price of gold could experience a sharp jump. The details of the report are on Instagram.

The dream of $5,000 gold in the shadow of the Iran war Is the global Great Leap ounce delayed? | Why haven't big investors entered the market yet? According to Kitco News, in recent years the global gold market has moved away from the traditional framework of supply and demand and has become a field of competition between more opposing economic and political forces than before. On the one hand, geopolitical uncertainty, concern for the future of the global economy provide the basis for strengthening the demand for the yellow metal; On the other hand, the increase in interest rates and the strengthening of the dollar can reduce the attractiveness of investing in gold. Chris Mancini, the joint manager of the investment portfolio of the Gabli Gold Fund, stated that if the conflicts in Iran and the interruption of oil shipments through the Strait of Hormuz had been resolved during the summer, the price of gold per ounce would have reached $5,000 by now. According to him, if the October employment report, due out in early November, shows that the US economy lost 100,000 jobs, the price of gold could experience a sharp jump. The details of the report are on Instagram.