Savings vary in a number of valuable products such as real estate, bonds and stocks, as well as trading in gold, diamonds, cash currencies and other commodities which give attractive returns in the future. Gold is accepted by all groups as it has its material and moral value in societies, and it is also one of the products that cannot be polluted over the years, and its value and luster remain constant, while the desire of people and demand for it remains sustainable at all times and circumstances according to supply and demand.
On their part, people follow the movement of gold, whether from traders, banks, financial institutions and workers in global stock exchanges. The World Gold Council constantly monitors gold deals and sales, and from time to time publishes data and forecasts. The council expects that the demand for jewellery will increase in the second half of this year, reaching between 1,600 and 1,800 tonnes, at a level much higher than the levels of 2020, at a time when the world is recovering a little from the effects of the pandemic, which leads to a recovery in demand for gold in a way.
In general, there are increasing opportunities for investment and purchase of this product, whether by central banks or gold dealers in the world markets. During the past months, the global market was distinguished by the demand for buying gold from bullion and currencies, which led to price fluctuation, except for its price in the stock markets. It has witnessed a demand from funds for bullion and gold coins at a good level that achieved its best quarter since 2013.
The average price of gold in dollars reached $1,817.4 per ounce in the second quarter of this year, an increase of 6 per cent compared to the same period in 2020, which led to some gains from the metal, with central banks increasing demand for its purchase, although the demand is less than what has characterised gold in the past 10 years. Gold market analysts believe that with the continuation of the global economic recovery after the pandemic, consumer demand for gold and jewellery will grow again, whether by individuals or institutions, at a time when experts note financial flows by some funds to buy this metal, which is expected to see a good improvement by investors who intend to increase their investments and allocations to own this precious element in the future.
This happens with the improvement of markets and the return of life and daily commercial traffic to global cities. Despite all this, people in these circumstances are keen to take precautions from any risks which may be exposed to the gold markets in the future. As it is known, people’s desire for gold differs from one category to another, as the World Gold Council explains that the term “bullion and gold coins’’, for example, refers to the investment of individuals in small gold bars of one kilogram or less, while others are invested in bullion coins Gold, and various quantities are sold according to caliber, whether they are pure gold or combined with other materials.
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