Gold has surged past $4,000 per ounce, hitting a new milestone as investors seek alternatives to the U.S. dollar. Analysts cite central bank demand, geopolitical tensions, and market uncertainty as driving the rally, with safe-haven assets seeing renewed interest.

Washington

Gold has reached an unprecedented high, surpassing $4,000 per ounce for the first time. Analysts attribute this surge to heightened demand from central banks and investors seeking alternatives to the US dollar amid growing concerns about its safe haven status.

The rally in gold prices is also being driven by ongoing geopolitical uncertainties, including the aftermath of the Russia-Ukraine conflict and tensions in Asia. Market observers note that these factors are prompting a shift in investment strategies, with increased interest in gold and other assets such as cryptocurrencies.

Gold tops $4,000 as safe-haven demand boosts rally

Another day, another record for gold. Take a look at the chart here. The yellow metal blue pass $4000 at Roy ounce overnight for the first time ever and it's probably not done yet or remember, I think Goldman's out with a note saying that they're calling what 5000 gold by the end of next year, right? 2026. But as you headlined this year, he can Griffin over Citadel's also saying some interesting things. He's saying you know what's going on with gold could be a warning sign about the dollar safe haven status and the way I'd read that as looking saying, you know, if you're looking for safety, it's not dollar. You probably better serve looking for it in gold. Yeah, so that makes sense and that's has that has been really the trend, right? The central banks are buying gold and sort of as a haven demand. And of course I was asking the question of why is that you know? It definitely should go beyond. It's not really the government shutdown that prompted this. Rally, but here is an interesting factoid. The US is actually the largest gold holding country, so maybe it doesn't really mean a problem of US sort of selling out of the US, but it's really the dollar problem. So I think there is an interesting distinction that we should be making here. And sure, there is a portfolio diversification story, so maybe they moving. They may be moving things out of the US into gold, so I think it could be really the question of fiat currency. And of course that brings in the fascinating angle of a crypto currencies as well. I'm glad you wrote. I brought that up and I'm not surprised you brought it up either. Sherry, so here's the thing. One way to look at what's going on with gold, right? Is yeah, diversification, but more you remember this all started right after Russia invaded Ukraine, and this is the second time I'm talking about here, right? Not not not not Crimea and shortly after that we had the West seizing Russian assets in the central bank, and I believe that money is still sitting in at some back in Brussels somewhere. So obviously Vladimir Putin was not pleased, but I think the rest of the world also took note, including places like China, right? And they're saying, look, if they can do that to Russia, well, hold on. I hold a lot of US assets as well, including US treasuries, right? Maybe I ought to think about other places to put my dollars here, so therefore gold, therefore crypto as well. And remember a lot of the money actually went offshore out of China too, and into mag seven stocks likely. Yeah, definitely, and I'm glad that you brought in the Ukraine angle in all this, and you know, I think some in the markets are definitely paying attention to what's going on in this part of the world. Of course, Taiwan could be a definite sort of uncertainty for going forward, and I think some traders at least are paying attention to what, you know, the people that US Defense Secretary Hexeth is meeting, and why did it call that meeting here? And it's really interesting sort of times to be looking at every single players in the region, what North Korea is doing, how, you know, the Shanghai Cooperation Summit, I mean, I don't think it was really about, you know, just shaking hands and giving each other hugs. It's really about discussing the next steps going forward for countries like Russia, China and North Korea. And of course, you know how India fits in all this, and I think the geopolitical uncertainty is definitely adding to this massive urge to diversify away from something traditional, something fiat at this point.

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