Gold’s surge to $3100 reflects growing market uncertainty, driven by geopolitical tensions and inflation fears. As a safe-haven asset, gold tends to rise when investors seek stability during volatile periods. Central banks' consistent gold purchases signal confidence in its long-term value. Additionally, weakening fiat currencies and potential interest rate cuts could further boost gold’s appeal. However, profit-taking at these levels might cause short-term pullbacks. Overall, gold remains a solid hedge against market instability.
Gold Breaks Record Again! Uncertainty Means Certainty for Gold?
Gold has hit a new all time high of $3240.
The market expects that Trump could bring more uncertainty. If a recession trade emerges, is gold the best choice?
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