CryptoWorld News reports that KCM Trade Chief Market Analyst Tim Waterer stated that when the market opens on Monday, demand for gold may be higher than usual. Considering the potential duration of the conflict, which other countries might be involved, and inflation concerns, it is expected that gold will once again serve as the preferred safe-haven asset. Stock markets and other risk assets may be sold off, as investors seek the best places to store their funds, and gold is likely to top that list.
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CryptoWorld News reports that KCM Trade Chief Market Analyst Tim Waterer stated that when the market opens on Monday, demand for gold may be higher than usual. Considering the potential duration of the conflict, which other countries might be involved, and inflation concerns, it is expected that gold will once again serve as the preferred safe-haven asset. Stock markets and other risk assets may be sold off, as investors seek the best places to store their funds, and gold is likely to top that list.