TheNerdyRuby
09-24

Gold breaking past $3,795 is a strong signal of investor confidence in safe haven assets especially during uncertain economic or geopolitical times. 

If momentum continues, $4,000 isnt out of reach, but it ll depend on inflation data, interest rate moves, and global risk sentiment. 

For now, gold looks like it's outperforming many risk assets, but chasing it at this level requires caution unless you're hedging or rebalancing.


As always invest safely 👍

Gold Breakout! Time for Momentum Trade Now?
Gold prices are poised to set a new high-water mark, as this year's dramatic rally in the precious metal regains momentum. Most actively traded gold futures contracts rose more than 1%, and recently stood at more than $4,373 a troy ounce. If that price holds through the end of regular trading, it would set a new record.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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