A recent eToro survey of 10,000 retail investors across 12 countries reveals that 57% expect gold prices to increase over the next 6 to 12 months, while 45% have invested in gold in the past few years.
The rising interest in gold reflects growing concerns over the US dollar’s declining credibility. Nearly half of respondents (48%) have adjusted or plan to adjust their portfolios, with 29% seeking to increase gold investments. Conversely, 25% have reduced exposure to US stocks, while 24% have shifted towards non-US stocks, and another 24% hold more cryptocurrencies.
Lale Akoner, Global Market Analyst at eToro, said, “Concerns about Washington’s fiscal path and political stability have shaken confidence in the dollar, which has dropped about 8% this year. Retail investors are increasingly reallocating to non-correlated assets like gold, demonstrating a more sophisticated risk approach.”
Investor sentiment is also shifting geographically. Support for Europe as the top long-term market rose to 29%, up from 20% late last year. Positive views on China, Japan, the UK, and Australia have also grown.
Concerns about a potential global recession have increased to 26%, compared with 18% a year ago, while only 19% now cite inflation as a major concern.
Akoner added, “Fiscal and political uncertainties are driving retail investors to diversify globally. Older investors, facing shorter investment horizons, feel the impact of market volatility more acutely.”
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