The impact of climate change could trigger a demand for gold as a “safe haven”, according to HSBC analysts.
Climate change may have a similar impact on Gold as other geopolitical events
The effects of climate change are likely to cause economic, financial, political and even social disruption around the world, which could trigger a demand for Gold as a “safe haven.”
Although Gold mining is one of the most carbon-intensive mining activities, our precious metals analyst believes that its high value, small amount mined and the circularity of Gold – 30% of the annual supply is recycled, with a footprint of minimal carbon – makes total lifetime emissions lower than other metals, making its story more positive.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
