OREANDA-NEWS Consistently high demand from global central banks strengthens gold's position on the global stock market. This was stated by the head of the service. Moneymatika.ru Maxim Molderf, his words are quoted by Prime.

Regulators' interest in gold has noticeably increased after 2022, the analyst noted. He attributed the increase in demand, among other things, to the blocking of Russian assets in Western countries due to the outbreak of the conflict in Ukraine. Against this background, Molderf explained, the financial authorities of many states have revised their approach to storing reserves.

The consequence of this, the expert added, was the purchase of gold by developing countries, including India and China. This circumstance has strengthened the role of precious metals as a protective asset. "Gold has once again become perceived as an asset that does not depend on sanctions, decisions of foreign regulators and the state of the financial system of individual countries," stated Molderf.

Gold is suitable not only for the formation of reserves of central banks, but also for the long-term accumulation of savings of ordinary investors. The exchange value of this precious metal, noted Andrey Smirnov, an expert on the stock market at BCS World of Investments, has been showing relatively stable dynamics over the past few years. Freedom Global analyst Vladimir Chernov attributed high liquidity and the most understandable investment status to other advantages of gold.