Amid ongoing global economic uncertainty, gold as a safe-haven asset continues to attract market interest. Recently, spot gold prices hit a new record, surpassing $4,910 per ounce, with a daily gain of 1.70%.
Market Drivers
- Geopolitical tensions boost risk-off sentiment
- Elevated inflation worldwide makes gold a favored hedge
- Central banks keep adding to gold reserves
Analysts suggest that gold's upward trend isn't just temporary, and prices may continue rising in the coming months. Investors should closely monitor key support levels and market sentiment shifts.