Investors are again flocking to the traditional safe haven of gold as fears grow over the independence of the Federal Reserve. Today, the price of gold hit a new record high, outpacing even the most bullish predictions.
The move, analysts say, reflects growing uncertainty about the monetary policy landscape and fears that the Fed’s independence could be eroded. The analysis firm TipRanks highlighted this factor as a key driver for the record-breaking surge in gold prices.
With the global economy still reeling from the aftermath of the Covid-19 pandemic, the perceived security of gold seems an increasingly attractive option for many. Read More
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