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 Gold & Silver Rebound: $5000 is Within Reach?
Gold and silver prices have surged once again, with Bank of America predicting that gold could reach $5,000 by 2026. The bank also forecasts that silver may soar to a peak range of $135 to $309. This optimistic outlook highlights the potential for precious metals to thrive in the coming years, driven by economic factors and market demand.
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