#GoldPriceRecordHigh
Gold has blasted past $3,500/oz, marking a new global record—but the rally looks different across continents:
Asia 🇮🇳🇨🇳: India saw gold jump to ₹1,06,500 per 10g, with talk of ₹1,20,000 by year-end. China and India, both top consumers, continue strong retail demand while their central banks keep stacking reserves.
Europe 🇪🇺: Euro-denominated gold surged as ECB rate uncertainty and political risks boost safe-haven appetite. Turkey and Poland are leading central bank buyers.
Americas 🇺🇸🇧🇷: U.S. futures hit $3,554/oz, with investors betting on a Fed rate cut in September. Latin America is seeing increased retail gold buying amid inflation pressure.
Middle East & Africa 🌍: Gulf states continue diversifying oil wealth into bullion, while South Africa benefits from mining revenue amid higher prices.
👉 Outlook: Analysts expect targets of $3,700–$4,000/oz globally. With safe-haven demand strong, gold’s rise could spill into BTC/ETH as investors balance between digital and traditional reserves. 🚀
