Gold at $4.7k isn't really about Greenland its about the classic threesome.. currency debasement vibes, policy uncertainty and everyone suddenly remembering why gold exists
When it gets wobbly with rates, leadership, and trade rules gold stops acting like a commodity and starts acting like a referendum on trust. Geopolitics doesn't need to explode to push it higher — it just needs to stay unresolved.
So can risk drive it further? Sure. But the real fuel is macro fatigue. Every new so called temporary policy shock quietly becomes permanent and good ole gold just keeps re-pricing that reality.
$4,700 isn't fear buying it's insurance buying!
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