Gold surpasses new all-time high of $3,384.

Gold prices have indeed surged to a new all-time high, reaching $3,384 per ounce. This significant milestone is attributed to several key factors:

- *Global Economic Uncertainty*: Ongoing trade tensions between the US and China, along with geopolitical instability, have driven investors to seek safe-haven assets like gold.

- *Weakening US Dollar*: The dollar index has hit a three-year low, making gold more appealing to holders of other currencies.

- *Central Bank Demand*: Sustained demand from central banks, particularly in emerging markets like China and India, has contributed to the price surge.

- *Inflation Concerns*: Persistent inflation concerns, despite monetary tightening policies, have also fueled the rally.

Some notable statistics include:

- *Current Gold Price*: $3,391.70 per ounce, with a 1.93% increase.

- *Market Trend*: Analysts predict gold could reach $3,500 in the coming months if current trends persist.

The surge in gold prices is also accompanied by a rise in Bitcoin's value, with some investors viewing both assets as stores of value in uncertain economic times.#GOLD_UPDATE #BTCRebound $BTC