رئيس قسم أبحاث السوق في Citibank لـ CNBC عربية: أسعار الذهب قد تصل إلى مستويات 3000$ للأونصة في نهاية العام

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Watch رئيس قسم أبحاث السوق في Citibank لـ CNBC عربية: أسعار الذهب قد تصل إلى مستويات 3000$ للأونصة في نهاية العام - CNBCArabia on Dailymotion

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00:00 Gold is one of the most fascinating assets right now.

00:03 Gold is one of the most attractive assets right now

00:06 because it is a high-priced asset.

00:09 At the same time, the strong dollar is a bad asset for gold,

00:12 even though gold is rising in price.

00:14 So, there is a question, why is that?

00:17 One of the obvious answers is the purchase of central banks.

00:20 We know that the Central Bank of China is buying gold strongly.

00:24 I am not sure that the Central Bank of China was behind this rise

00:28 because they are famous for buying at a low price and selling at a high price.

00:31 I think what happened is that there is a perception that the inflation is rising a little bit again

00:36 and that the federal reserve does nothing about it.

00:39 They may reduce interest rates or at least delay them.

00:43 I think this leads to an increase in demand for gold.

00:46 As you know, we love gold.

00:48 I mean, I would like to say that we like to take care of it more

00:51 because gold has risen a lot.

00:54 But yes, it is a good way to fight geopolitical tensions.

00:58 Even I, the gold analyst, has the target price of gold to 3,000.

01:03 It is clear that it is a Saudi target for the purpose.

01:05 And the amount of money that must be allocated is always a big question.

01:09 I personally hope to get a little bit of relief,

01:11 which you can add to the specializations instead of speeding up.

01:14 But gold is still one of the principles without any return.

01:17 Therefore, it is part of the security of your safeguard.

01:20 Therefore, it depends on your aversion to risk.

01:23 If you are avoiding the risk severely,

01:25 you want the big security part of your safeguard.

01:28 You have more gold if you know.

01:30 And if you are less averse to risk,

01:33 you prefer to be more cautious about the shares.

01:35 And you don't have much to allocate to gold.

01:38 Therefore, it is a personal decision to the end.

01:40 But there must be some gold in your safeguard.

01:43 Yes, if so, it means that it is not our main issue.

01:47 Isn't that so?

01:48 Our main issue is in fact not to raise prices.

01:51 This is a big threat, including the sufficient amount for any production.

01:55 We believe in fact that the price of oil will remain around 90 dollars,

01:58 then it will actually decrease in the end.

02:00 Now, if we are wrong about that,

02:02 and we can be aware of the risk of increasing in a clear way,

02:05 yes, it will exceed 100 dollars.

02:07 And it will certainly be very positive for the oil producer, for sure.

02:11 But we don't have a specific target price,

02:13 because it is not our main issue really.

02:15 price target for you because it's not our base case really.

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