Despite its record-high prices in August, gold remains a strong investment option, opines the French asset management company Amundi. They cite global instability, the weakening of the US dollar, and the expectation of interest rate cuts by the Federal Reserve as reasons. Geopolitical risks, including conflicts in Ukraine and the Middle East and concerns over rising government debt in Europe and the US, also boost gold’s status as a safe haven.

“We could see near-term volatility given gold’s high valuations, but from a long-term view, it remains attractive,” says Monica Defend, Head of Amundi Investment Institute and Chief Strategist.

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