Mohamed Al-Mureiri, the regional director of Orbex in the Middle East, said that global markets are experiencing significant volatility due to geopolitical tensions, leading to increased demand for cash and a rise in demand for the US dollar, which contributed to the appreciation of the US currency.

Al-Mureiri added, in an interview with Al Arabiya Business, that the return of war between the US and Iran would lead to further increases in oil prices, thus raising inflation rates, prompting the US Federal Reserve to raise interest rates.

He explained that the return of war would create pressure on metal markets, which was evident in the decline of gold and silver prices during today's trading amid the strength of the US dollar.

Al-Mureiri said that the energy sector is considered the best currently for investors in stock markets with oil prices rising again.

He added that central bank purchases of gold before the Ukrainian war began at $1,800 per ounce and continued as gold prices reached $5,200, adding: "Gold prices could fall below the $4,000 level, which happened last week when they dropped to between $3,800 and $3,900 per ounce."

He stated that the current period is suitable for buying gold for long-term investors, noting that gold prices could fall to $3,500 per ounce if geopolitical tensions persist.

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