GOLD PRICES SURGE AMID RECESSION FEARS AND DOLLAR WEAKNESS
GOLD PRICES SURGE AMID RECESSION FEARS AND DOLLAR WEAKNESS
Gold prices have reached unprecedented levels, with Comex April delivery gold rising 3.2% to $3,155.20 per ounce.
Escalating trade tensions and aggressive tariff policies have heightened fears of an impending recession, prompting investors to seek safe-haven assets like gold.
The U.S. dollar has weakened, reaching a two-year low, making gold more attractive to international investors.
Analysts suggest that gold's rally could continue, with prices potentially reaching $3,500 per ounce, driven by ongoing economic uncertainties and sustained demand for safe-haven assets.
Global financial markets have experienced significant fluctuations due to new tariffs and trade policies, contributing to increased demand for gold as a stable investment.
Investors are advised to remain cautious of market volatility and consider diversifying portfolios with gold to hedge against economic downturns and currency fluctuations.
