Reported about 8 hours ago
Gold has surged past $4,000 per ounce, reflecting a significant shift as investors seek refuge from the declining US dollar amidst political instability and rising government debt. This trend, termed the 'debasement trade,' suggests a loss of faith in fiat currencies and highlights an increased demand for hard assets and cryptocurrencies, with Bitcoin also hitting record levels. Market analysts warn that the erosion of public trust could lead to further economic shifts, particularly as lower interest rates are anticipated.
Source: YAHOO