Gold Price Hits New High, Market Momentum Continues
Recently, gold prices have remained strong, with spot gold rising 4.07% to $5,390.7 per ounce, setting a new historical record. Investor enthusiasm for precious metals continues to grow, and market confidence remains robust.
Driven by multiple factors, including heightened geopolitical tensions, rising inflation expectations, and a weaker dollar, gold as a safe-haven asset has attracted significant capital inflows. Gold ETF holdings in major global markets have also continued to increase, reflecting a positive outlook among investors.
- Gold price breaks through $5,390 per ounce
- Global risk aversion fuels rally in gold
- ETF holdings continue to rise
Analysts note that with increasing macroeconomic uncertainty, gold, as a traditional safe-haven asset, will likely remain favored by the market. Future gold price trends will depend closely on developments in Federal Reserve monetary policy and the global economic outlook.