Topic

Safe haven gold hits record

10h

Gold rose to a record above $4,200 as investors sought a safe haven amid political uncertainty and speculation over further U.S. interest-rate cuts.

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elerianm.bsky.social
And just like that, gold is trading above $4,200 .
Gold's steady march from one record high to the next isn't surprising. As I’ve noted before, it is powered by fundamental factors, both specific and general, that are becoming more deeply entrenched.
What is surprising,however,is the linear nature..
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profsecchi.bsky.social
I don’t know about you but these gold prices give me the heebie-jeebies.
Chart showing the massive increase in gold prices in the last five years. Today’s price is over $4,170 per ounce, more than double what it was until about a year ago.
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profsecchi.bsky.social
That’s another symptom, not really causal. Investors are shuffling assets around - the shuffling of so much money to gold is kinda scary IMO.
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elerianm.bsky.social
...of its ascent, as such conditions typically attract (in-and-out) short-term speculation. This rally has been smoothed by a broader market environment where rampant risk-taking has sent many other assets to record highs, keeping short-term speculators engaged.
#economy #markets #gold #investing