Part 3/6:
According to the World Gold Council, the third quarter saw unprecedented demand for gold, surpassing long-term averages by a notable margin. Specifically, the demand was 8% higher than the five-year average, highlighting a robust appetite for the precious metal. This surge aligns with historical patterns where safe haven assets see increased demand during times of geopolitical tension, conflicts, and economic uncertainties.
Gold and Bitcoin in Times of Crisis
The current geopolitical climate, characterized by ongoing conflicts and economic tensions, has historically driven investors toward assets perceived as protective stores of value. Gold has long been regarded as a reliable hedge against inflation and currency devaluation, and the recent data affirms this view.