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Gold’s Evolving Role in the Middle East

Written in collaboration with the World Gold Council, this paper explores how gold’s long-standing role in the Middle East is evolving beyond physical beauty and adornment to become a core strategic asset.

Written in collaboration with the World Gold Council, this paper explores the role of gold and consumption trends specific to the Middle East.

Gold has ancient origins across the region as a store of value and medium of exchange. Fast forward a couple of millennia and the yellow metal still symbolises wealth and prosperity. But its role is evolving beyond physical beauty and adornment to a core strategic asset.

As investors across the Gulf economies grapple with energy market volatility, currency debasement risks, and geopolitical fragmentation, gold is becoming a more relevant financial tool for portfolio managers and reserve managers alike. The paper also examines using gold in local portfolios and discusses recent developments in official sector bullion holdings. 

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