The impact of climate change could trigger “safe-haven” demand for Gold – HSBC

FXStreet Insights Team FXStreet

The impact of climate change could trigger “safe-haven” demand for Gold, in the view of analysts at HSBC.

Climate change can have a similar impact on Gold as other geopolitical events

Climate change impacts are likely to bring economic, financial, political, and even social disruptions across the world, which could trigger ‘safe-haven’ demand for Gold.

While Gold mining is one of the most carbon-intensive mining activities, our precious metals analyst thinks its high value, the small quantity mined, and the circularity of Gold − 30% of annual supply is recycled, with a minimal carbon footprint − brings overall lifetime emissions below other metals, making its story more positive.

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FXStreet Insights Team

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The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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