Reported about 19 hours ago
Gold has reached a new record above $4,000, with silver and bitcoin experiencing significant gains as investors seek refuge from rising government debt and the diminishing value of fiat currencies, a trend known as the 'debasement trade.' The U.S. dollar has been on a downward trajectory, leading to increased interest in precious metals and cryptocurrencies, which have surged notably this year. Analysts suggest that fiscal uncertainty, particularly in developed markets, is driving a significant movement towards safe-haven assets.
Source: YAHOO