Publications /
Policy Brief

Back
Gold: a safe haven in difficult times
September 30, 2020

In recent months, the price of gold has rebounded, taking it to new heights. The analysis of the prices of this precious metal over the last two centuries has shown great stability until 1971, when the United States abandoned gold/dollar convertibility, but also its erratic movement since then. Subject to the laws of the market, the price of this raw material depends essentially on demand. This trend confirms that this asset is a safe haven in difficult times, without however contemplating its re-monetization. This rebound, which is cyclical in nature and occurs in the short and medium term, is a godsend for gold-producing countries, at the forefront of which are China, Russia and Australia, but also some African producers, such as Ghana.

Gold is shining bright, while its prices are at their highest level in history, with an ounce exceeding $2,000. The purpose of this Policy Brief is to examine and look into the reasons behind this recent price surge, which will enable us to know whether this surge is cyclical or structural, and who are the beneficiaries and victims.

RELATED CONTENT

  • Authors
    Noureddine Jallal
    August 16, 2022
    Emmanuel Macron é été élu en 2017 président de la République, avec une majorité absolue de députés. Ces deux victoires (présidentielle et législative) ont été possibles grâce à une stratégie qui a consisté à saper le clivage gauche-droite et à construire une majorité présidentielle hybride. Lors de sa réélection en 2022, le paysage politique à bel et bien changé. Tout d’abord, le président de la République n’a pas réussi à avoir la majorité absolue. Les ...
  • Authors
    August 15, 2022
    What’s at Stake and What Challenges Will the New President Face? Kenyans headed to the polls on August 9 to elect their fifth president, along with county governors, members of the Senate, and National Assembly representatives. The elections took place in a context of growing challenges of rising commodity prices, and the recent developments over the maritime dispute in which the International Court of Justice ruled in favor of Somalia. The presidential race between William Ruto—fo ...
  • Authors
    Inácio F. Araújo
    Ademir Rocha
    Karina Sass
    August 12, 2022
    The Russian invasion of Ukraine on February 24, 2022, scaled up the ongoing conflict in Donbas beyond its regional borders, hindering and halting different aspects of economic life. Considering the internal geography of Ukraine’s economic structure, the damages to physical infrastructure and supply chain disruptions are likely to propagate to other parts of the country through an intricate plot of production and income linkages. From a disaggregated analysis of multiregional and mul ...
  • Authors
    August 11, 2022
    Le rôle de la Cedeao (Communauté économique des États de l’Afrique de l’Ouest) dans la gestion des conflits ayant eu lieu à la fin du 20ème siècle et au début du 21ème siècle revêt une importance capitale. Dès sa création, l’organisation régionale représentait le symbole de l’avancement démocratique dans ses pays membres mais elle doit aujourd’hui faire face à un recul en termes de gouvernance démocratique et d’influence. Elle s’est imposée comme étant la plus av ...
  • Authors
    August 11, 2022
    On these islands, writers and poets, and painters discovered unspoiled paradise, including promiscuous adolescent girls, which Paul Gauguin captured on canvass, his work admired by global art collectors until the French icon was accused of pedophilia- a century late, the beauties on the tableau seem to the self-appointed, global morality brigades to be children, or, who knows, young ladies suffering anorexia. The islands of the South Pacific, or Pacific in general, seemingly lost in ...
  • Authors
    August 10, 2022
    Les énergies fossiles (pétrole, charbon, gaz naturel) ne sont plus à la mode, compte tenu de leur très importante responsabilité dans le changement climatique. Les appels en vue de leur disparition (progressive) se multiplient mais ces combustibles représentent encore un peu plus de 80 % de la consommation mondiale d’énergie primaire (83 % en 2021, selon la BP Statistical Review of World Energy). Et de nombreux projets sont en cours de développement à travers le monde. En Afrique, l ...
  • Authors
    Laura Sanders
    Jordan Moss
    August 9, 2022
    Communities in northern Côte d’Ivoire report an ongoing pattern of questioning, ethnically- motivated arrests, and abuse, in contrast to the good relationships with local forces and police they had until two years ago*. In one case, the national army arrested a number of men, beat them, and held them for up to two months**. In response to extremist attacks, Côte d’Ivoire has increased the military presence in the north, creating a special forces’ base and sending more military per ...
  • August 9, 2022
    يخصص مركز السياسات من أجل الجنوب الجديد حلقة برنامجه الأسبوعي "حديث الثلاثاء" لمناقشة العلاقات الافريقية اليابانية في ضوء القمة الثامنة "تيكاد 2022" التي ستنعقد في تونس نهاية هذا الشهر مع عبد الله ساعف، باحث بارز بمركز السياسات من أجل الجنوب الجديد. جاء اهتمام اليابان بأفريقيا في مطلع ...