Economy

Gold hits record above $5,100 in safe haven rush

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Gold. It’s often seen as a bedrock of stability, a gleaming testament to enduring value in tumultuous times. And if there ever were tumultuous times, they are now – as the precious metal has just shattered records, surging past an unprecedented $5,000 an ounce and even touching new highs above $5,100.

The financial world is buzzing with the news from London, where this momentous milestone was reached on Monday. This isn’t just a minor fluctuation; it’s a clear signal from investors worldwide flocking to safe havens amidst a landscape riddled with escalating global uncertainty.

What’s fueling this unprecedented rush? Analysts point directly to the widespread turmoil stemming from the actions and policies of US President Donald Trump. His administration’s impact on international relations and economic stability appears to be a primary catalyst, sending ripples of apprehension across markets and driving investors towards assets traditionally considered secure.

As the global political and economic climate continues its unpredictable dance, gold’s allure as the ultimate safe haven only intensifies. For those watching their portfolios, or simply curious about the forces shaping our world, gold’s meteoric rise is a stark reminder of the times we live in.

Source: Original Article

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