Amid heightened volatility in global financial markets, gold prices have surged to unprecedented levels. Investor interest in gold has risen sharply due to ongoing inflationary pressures and growing demand for safe-haven assets. The price of gold recently broke through $5190 per ounce, setting a new historical record.
Why Is Gold Rallying Again?
The current surge in gold prices is driven by multiple factors:
- Escalating global economic uncertainty is pushing investors toward safe-haven assets like gold.
- Continued accommodative policies by major central banks are fueling concerns about currency depreciation.
- Rising geopolitical risks are further boosting gold's appeal as a hedge against uncertainty.