Gold hit a record high before retracing as investors took profits. Fed rate cuts and geopolitics support gains, but technicals signal a short-term pullback. Traders should watch key resistance levels.
Like gold in 2024, silver now stands out as a better-performing alternative to the 60/40 portfolio, marking a major turning point for investors seeking tangible assets in the face of traditional strategies.
U.S. markets rose after Fed holds rates steady and projects slower growth, higher inflation. Dow, S&P 500, Nasdaq post gains. Markets react to tariffs and inflation uncertainty.
The level of gold capitalisation in the U.S. dollar banking system, among other things, was a key reason why the U.S. dollar became the world reserve currency.
Gold continues its record-breaking rally, surging above $3,038 as safe-haven demand grows, fueled by geopolitical uncertainty, US trade policies, and central bank purchases.
The value of gold is tied directly to its use as money. As such, gold's value is the same today as it has been historically for several thousand years.
US markets closed in red, Fed expected to hold rates steady, Trump and Putin agreed to limited Ukraine ceasefire. US data showed strong results. Most S&P 500 sectors down, energy & healthcare up. Asia markets mixed, Europe up. Commodities down, USD slightly up due to recession fears and tariffs.
Over the past week, the gold market has experienced significant developments, with prices reaching record highs above $3,000 per ounce for the first time.
Gold hits a record $3,000 amid economic uncertainty, Fed rate cut hopes, and geopolitical risks. A bullish breakout signals further gains, though a USD recovery may slow momentum.
