Gold Price Surges to $4,000 Amid Global Uncertainty, Outperforming Nasdaq

Gold prices have skyrocketed to a record $4,000 per ounce, eclipsing traditional equity markets as investors flock to the safe-haven asset. Geopolitical tensions, including the Ukraine-Russia and Israel-Gaza conflicts, have fueled demand for Gold as a hedge against instability.

Expectations of Federal Reserve rate cuts have further diminished the appeal of yield-bearing assets like bonds, driving capital into non-yielding alternatives. A weakening US dollar, exacerbated by the Fed's focus on economic growth over inflation, has made gold more accessible to global buyers.

Central banks and retail investors alike are accumulating gold at levels reminiscent of the 2008 financial crisis. The Bloomberg Dollar Spot Index recently hit a post-2022 low, underscoring the currency's decline and gold's resurgence as the ultimate store of value.