Lower Thirds:
0:02	Report by | Miltiades Schmidt
0:13	Aziz El-Haddad | Lebanese jeweler
0:41	Salah-Eddine Bouhmidi | Head of markets, IG online broker
1:09	Thu Lan Nguyen | Head of commodity research, Commerzbank
1:50	Thomas Kulp | Gold analyst, DZ Bank

Script: 

At Dubai’s famous Gold Souk – and in markets across the world – small investors are buying gold. And for now, there seems to be no stopping them.
      
00:11   
(( +++ Aziz El-Haddad,  Lebanese jeweller   in Arabic +++ ))
"People are rushing to buy gold - The price doesn't matter to them anymore, whatever the price is, they buy it. Before, the customer used to bargain over the price, "Knock it down for me, lower it for me". Now they just come in and, whatever the price is, they buy it."
  
00:27
Despite the high prices, global gold production has risen only slightly. Output cannot be increased quickly in the short term – and that limited supply is further fuelling the boom.

00:40
(( +++ O-Ton Salah-Eddine Bouhmidi: +++ ))
“What we’ve been seeing for months now – simply shows that uncertainty in global markets has increased. And as a result, investors are turning to gold as a safe haven, as the immense demand right now clearly demonstrates.”

00:56
Confidence among major international investors in the US dollar – and in US government bonds – has been fading. Assets once considered rock-solid have lost some of their appeal under President Donald Trump.     

01:07
(( +++ Thu Lan Nguyen, Head of FX & Commodity Research, Commerzbank +++ ))
“When we look at the United States, we’ve seen a very erratic policy approach in recent months since President Trump took office. There are also significant fiscal risks due to the expansionary fiscal policy in the US – quite apart from the foreign-policy issues we’re dealing with at the moment.”

01:33
Gold prices may remain high for some time yet. Central banks in major emerging economies, including Brazil, have been sharply increasing their gold reserves – pushing prices even higher.

01:49
(( +++ O-Ton Thomas Kulp,   +++ ))
“These countries are suffering greatly from a weaker dollar because of their trade with the United States – Brazil is a good example. That’s why they want to massively increase their gold reserves: to stabilise their own currencies when the dollar moves. And beyond that, they want to make themselves less dependent on the US dollar .
    
02:10
For now, there is no sign of an end to the gold rush. The forces that might drive prices down are nowhere to be seen: no sharp rise in interest rates to make government bonds more attractive – and no end in sight to global geopolitical uncertainty.