Gold Price Breaks $3,800: Where Does It Go From Here?
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BTCCSquare news:
Gold has surged to a record high of $3,818 per ounce, cementing its status as a premier safe-haven asset amid weakening confidence in fiat currencies. The rally is fueled by sluggish US economic growth, rising inflation, and speculation of multiple Federal Reserve rate cuts this year. Economist Peter Schiff attributes the metal's ascent to mounting Fed debts and labor market instability.
The breakout reflects a broader flight to stability as traditional markets grow increasingly volatile. With no clear resistance levels in sight, analysts question how much higher Gold can climb before profit-taking emerges. The metal's momentum shows little sign of abating as institutional investors continue reallocating portfolios toward tangible assets.
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