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Gold price have flown to new all-time highs now. The current gold surge is due to increased demand as a safe-haven asset amid global economic uncertainty, high inflation, the Federal Reserve’s independence and geopolitical risks. The price of gold relies on market sentiment and demand. When people are fearful of the economy, demand for gold rises and its price increases. But when people become less fearful, demand for gold falls, and its price decreases. Gold price is always volatile and difficult to gauge. Most investors would invest in gold ETF for example $iShares Gold Trust(IAU)$ or $SPDR Gold Shares(GLD)$ to play safe. Thanks @Tiger_comments @TigerStars @Tiger_SG @GoodLife99
Silver New High at $66: Gold Starts a Catch-Up Rally?
Silver has broken above $66, while gold has rallied to around $4,350, bringing it within reach of its historical high. ANZ suggests that a deterioration in global growth could push gold toward $5,000 per ounce in 2026, while a stronger US growth outlook, a firmer dollar, or a more hawkish Fed could see prices retreat toward $3,500. What's the driver for gold prices over the next 12 months? Do you view silver & gold's recent strength? Will silver continue to outperform gold? Will gold hit $5000 in 2026?
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