00:00Amid rising geopolitical tensions and economic instability, gold is
00:05soared in recent weeks to record highs of over $5,000 an ounce.
00:10Precious metal is seen as a safe haven asset during these uncertain times, but the price
00:14surges.
00:15Precious metal is weighing heavily on the Moroccan market.
00:18Jewelers and artisans are struggling to maintain this.
00:20With many already forced to close shop as customer numbers dwindle.
00:25The global rise in gold prices is driven by several...
00:30Most notably supply and demand, as we observe that some countries are...
00:35Purchasing gold in large quantities.
00:37Strategic factors also play an important role.
00:40Particularly geopolitical tensions and the decline of the US dollar within the international
00:44monetary...
00:45system.
00:46As a result of these tensions gold has become a safe haven for investors.
00:50Currently its price stands at around 1,350 dirhams.
00:55Precious metal extended its record-breaking rally on Thursday, putting it on track for...
01:00its best monthly performance since 1973, impacting the demand for gold jewelry.
01:05Worldwide.
01:06Worldwide.
01:07Worldwide.
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