New York gold spot was under $2,795/oz a year ago and prices are now materially higher, prompting Moroccans to buy gold jewellery as a wealth-preservation strategy. The shift reflects defensive, risk-off household demand for physical gold in Morocco and supports local retail jewellery demand, but is unlikely to move global markets.
New York gold spot was under $2,795/oz a year ago and prices are now materially higher, prompting Moroccans to buy gold jewellery as a wealth-preservation strategy. The shift reflects defensive, risk-off household demand for physical gold in Morocco and supports local retail jewellery demand, but is unlikely to move global markets.
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neutral
Sentiment Score
0.05
