Experts Tout Gold as Inflation Firewall for African Economies
The article discusses the significance of gold as a strategic asset in combating inflation in African economies, as highlighted by Mudassir Amrai during the Gold Roadshow Africa event in Lagos. Amrai emphasized gold's recent rally, crossing the $1,300 mark for the first time in history, positioning it as a reliable and liquid firewall against currency depreciation.
He also stressed the importance of focusing on domestic value addition in the gold industry. The event featured high-level dialogues with industry experts like Bolaji Balogun and Bode Oyetunde from the African Development Bank.
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