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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Advisor to the Prime Minister rules out a decline in gold prices in the coming period..and explains

    Rocky
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    Advisor to the Prime Minister rules out a decline in gold prices in the coming period..and explains Empty Advisor to the Prime Minister rules out a decline in gold prices in the coming period..and explains

    Post by Rocky Sun 29 Sep 2024, 7:03 am

    Advisor to the Prime Minister rules out a decline in gold prices in the coming period..and explains the reasons
    • Time: 2024/09/27 14:56:30
       
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    {Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, ruled out a decline in gold prices in the coming period.
    Saleh told Al Furat News Agency: “The global financial markets, including futures markets in particular, are a place or market for information before anything else, and their efficiency is in the sufficiency of their information. Therefore, they are the vital field in which the forces of financial speculation play their role and look forward to quick profit and avoiding losses when maximizing their wealth and preserving their financial capital accumulation. In this regard, they possess the tools, standards and predictive indicators produced by the aforementioned information markets, so that the forces of speculation can make their decisions according to their predictions about the nature and speed of change in asset cycles witnessed by the oil markets, gold markets and other important metals to avoid loss and maximize profit when managing their investment portfolios.”
    He explained that "the shift from short positions to long positions or vice versa in the activity of buying and selling financial assets, especially those related to speculation in raw materials or metals, specifically (gold and oil), is today taking an accelerated form in the speculative activity in these financial markets, as speculators' holdings change from one moment to another."
    He explained that "any change in the centers of selling {gold and oil} and buying financial assets, especially those linked to assets of oil, gold, other metals and currencies, as their investment decisions today are mostly subject to at least four factors: First, the geopolitical factor, especially the upcoming raging winter war on the Russian-Ukrainian front, second, the dangerous geopolitical situation in the Middle East as a hub for oil and energy in the world, and third, the imminent announcement of the formation of the new international currency system (BRICS), as information shows that the new currency system may adopt the traditional gold standard in the basics of the stability of that international currency (BRICS currency)."
    Saleh pointed out that "BRICS countries have an importance in the international economy estimated at about 35% of the global gross domestic product and dominate half of global trade at the same time."
    He continued, "As for the last factor, the petrodollar and its fluctuations with OPEC+ decisions regarding opportunities to discipline the supply of crude oil in the international market, as oil price increases often lead to fluctuations in the value of the dollar and the demand for it for the purposes of financing global trade and oil in particular, which is governed in terms of market value by federal interest rates and the general monetary policy of the United States of America."
    He stressed that "all these factors governed by the growth in the global economy drive the current fluctuations between oil prices, gold prices and other assets, whether instantaneous or directional fluctuations," noting at the same time that "the cycle of gold assets in their rise and fall is one of the slow cycles, so gold was and still is a safe haven in hedging against unexpected losses and others when maintaining financial wealth. Thus, we may not expect gold prices to fall or a reversal in its price trend during the coming period, despite the daily adaptive fluctuations in the prices of the yellow metal."
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