๐ Gold Price Pulls Back After Record High, But Bull Run Still Shines
Gold briefly took a step back today, retreating from its historic all-time high of $3,578.50 per ounce (September 3) to $3,530.91, marking a modest decline of 0.8%.
While some investors may see this as cooling momentum, market experts argue the opposite โ the bull run remains alive and strong.
Brian Lan, managing director at GoldSilver Central (Singapore), emphasized that gold continues to thrive under bullish conditions. He highlighted two key drivers:
Expectations of a U.S. interest rate cut ๐
Lingering concerns over the Federal Reserveโs independence ๐๏ธ
Lan added that it wouldnโt be surprising if gold soon pushes toward $3,800 or higher, given the prevailing macroeconomic backdrop.
โจ For now, gold remains one of the most attractive safe-haven assets, shining bright in uncertain times.
