Gold just surged to a record high of $2,400/oz, driven by dovish Fed signals, weakening real yields, and renewed safe-haven demand amid global uncertainty.
• ETF Inflows: Gold-backed ETFs recorded $1.2 B net inflows this week, the largest since March
• Real Yields: U.S. 10-year TIPS yields hit a new low of –1.1%, boosting non-yielding gold’s appeal
• Technical Breakout: Bullish RSI momentum points to potential extension toward $2,450–$2,500
• Macro Drivers: Slowing growth indicators, geopolitical tensions, and rising inflation expectations
Is gold’s rally a prelude to a broader commodities upswing, or are profit-taking risks looming? Share your outlook!
(Not financial advicealways do your own research.)
