Gold Breaks $4,550 Barrier in Historic Surge
On Monday, spot gold prices skyrocketed past the $4,550 mark, setting a fresh record high and reaffirming its status as a premier safe-haven asset. This marks the second time in just two weeks that gold has breached this psychological level, signaling strong and sustained market momentum.
Key Drivers Behind the Rally
The surge is fueled by a confluence of global factors:
- Escalating geopolitical conflicts worldwide
- Persistent inflationary pressures across major economies
- Increasing expectations of central bank rate cuts
- A weakening US dollar boosting demand for non-US dollar assets
Central banks, particularly in emerging markets, have also continued aggressive gold buying, adding structural support to prices.
Shifting Investor Sentiment
Investor behavior is evolving, with gold now seen as a strategic portfolio anchor. Amid economic uncertainty and market volatility, its role as a hedge against inflation and financial instability has gained widespread acceptance. Some experts suggest this rally could be the start of a multi-year bull run.