Gold prices have surged by 46% over the past year, reaching $2909.20 per troy ounce. Increased demand from investors for safe-haven assets amid economic and geopolitical uncertainties is driving this historic bull run. Central banks, especially in emerging markets, are also accumulating gold to counteract potential economic turbulence. Traditional factors like inflation, supply chain disruptions, and rising debts, alongside concerns over Trump's trade tariffs, are adding pressure on the economy, further propelling gold's appeal. This trend showcases a shifting global perspective on gold's value.
Gold has seen a 46% rise within 12 months as investors seek safe-haven assets amid ongoing economic and geopolitical instability.
With the gold price surging to $2909.20 per troy ounce on February 10th, 2025, the psychologically significant $3,000 milestone now appears within striking distance.
Solomon Global highlights that in the face of persistent global uncertainty, investors have flocked to gold as a reliable store of value.
Gold is simultaneously defying one of its historical inhibitors, resisting a relatively strong dollar and showcasing its ability to perform across broader conditions.
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