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 Breakout! Take Profit at High or 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.
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