Gold Hits 50th Record High of as Safe-Haven Demand Surges
Gold prices shattered the $4,500 barrier today, marking the 50th all-time high this year as investors pile into precious metals. The rally comes amid growing expectations of Federal Reserve rate cuts and a weakening dollar, which is on track for its worst annual performance since 2017.
Silver joined the surge, reaching unprecedented levels as capital flees risk assets. Market observers note this metals rally coincides with cryptocurrency markets showing renewed strength, suggesting a broader reallocation into alternative stores of value.
Traders are positioning for continued dollar weakness through year-end, creating ideal conditions for both precious metals and digital assets to appreciate further. The simultaneous strength in gold and crypto markets reflects growing institutional acceptance of alternative asset classes.
