Precious gold has marked a significant milestone by surpassing the $5,000 an ounce mark. Various factors, both macro and micro, have coalesced to bring about this unprecedented rise.
On the global stage, geopolitical uncertainties have invariably fueled the demand for safe-haven assets such as gold. Simultaneously, central bank policies and concerns over potential inflation have also played their part.
Micro factors involve reduced mine outputs, increased production costs, and burgeoning demand from both industry and investors.
Despite its high value, investment in gold continues to be considered as a failsafe against economic instability, and this sentiment has seemingly led to its current milestone price of more than $5,000 an ounce. Read More
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