Geopolitical tensions drive surge in gold earnings for Tanzania

Dar es Salaam. While ongoing geopolitical tensions continue to rattle the global economy, they are proving to be a boon for gold-producing countries such as Tanzania, as the price of the precious metal has surged by an average of 88.12 percent over the past six years.

At the centre of this trend is the global shift towards safe-haven assets, with investors and governments increasingly turning to gold amid concerns over the stability of the US Dollar.