Reported 9 days ago
Gold has surged past $3,000 an ounce, drawing parallels to the 1980 price spikes driven by political and economic unrest. However, analysts suggest this rally may be more sustainable due to ongoing geopolitical tensions and a breakdown of international cooperation, particularly regarding trade disputes. Unlike the rapid resolutions seen in previous crises, the current scenario suggests prolonged high prices for gold as it becomes a preferred asset for investors amidst uncertainties.
Source: YAHOO