💨 Abstract

Gold prices reached a record high of $3,000 per ounce, marking it as a safe-haven asset in uncertain economic times. This milestone was attributed to gold's consistent performance in risk-off environments, with demand from central banks and emerging markets increasing significantly. The surge in gold prices is due to geopolitical factors, such as de-dollarization, inflation concerns, and economic sanctions, prompting central banks to strengthen their gold reserves.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖