Gold’s record-shattering run shows no signs of slowing. Here’s why:nn1. Global Economic Uncertainty: As the global economy remains uncertain due to ongoing geopolitical crises and the lingering effects of the pandemic, investors are flocking towards gold. This precious metal has historically been a safe haven during unpredictable times, helping it maintain its bullish market trend.nn2. Inflation Concerns: Central banks across the globe are taking measures to combat stagnating economic growth. One such measure is mass quantitative easing, which is essentially pumping more money into the economy. This increases the risk of inflation, which in turn propels the price of gold upwards.nn3. US Dollar Weakness: The gold market has an inverse relationship with the US dollar. As the value of the dollar decreases, the price of gold generally goes up. The US dollar has been on a downward trend recently, adding more fuel to the gold rally.nnThese combined factors are continuing to drive the gold market to new heights, making ‘gold rush’ a term of the present rather than the past. Read More
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