Gold has surged to record leve-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Gold has surged to record levels, driven by a mix of economic and geopolitical factors, and main the US government shutdown that took place on 1st October. Further to that, persistent global uncertainty, slowing growth in major economies, and elevated government debt have fueled demand for safe-haven assets. Central banks, especially in emerging markets, continue to increase gold reserves as a hedge against currency volatility and geopolitical risks.

Meanwhile, a weakening dollar further boosts gold’s appeal. With supply growth limited, the combination of strong central bank buying and investor demand is pushing prices to new records.

Afterall with a weakening US Dollar and uncertain geopolitical situations, it may be wise to take up a small exposure into Gold as a form of recessionary hedge.

Tiger offers a range of investable funds where you can conveniently gain exposure in Gold, one of which that I personally have a position in is FRANKLIN GOLD & PRECIOUS METALS (SGD) (ISIN: LU0498741890) - do take into account that it may take 2-4 business days to subscribe into it.

Alternatively an ETF that you can invest in to gain export will be iShares Gold Trust (Ticker: IAU).

Gold Market Update: Record High Prices and Bullish Momentum

Gold prices surged to record highs, with spot gold topping $3,890/ounce and US-listed shares of precious metal miners rallying. Despite short-term volatility and dramatic price swings, gold demonstrated resilience and closed higher, maintaining a bullish momentum. Key players like Anglogold Ashanti, Harmony Gold, Coeur Mining, Gold Fields, Barrick Mining, and Newmont Mining experienced notable gains. Analysts remain optimistic about the future outlook of the gold market.

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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