GOLD PRICES SPARKLE AGAIN: RESTARTS INCREASE ON RECESSION FEARS
GOLD PRICES SPARKLE AGAIN: RESTARTS INCREASE ON RECESSION FEARS
Gold prices have surged, surpassing the $3,000 per ounce mark for the first time, driven by heightened demand for safe-haven assets amid economic uncertainties.
Fears of a global recession, exacerbated by escalating trade tensions and new tariffs imposed by the U.S., have led investors to seek refuge in gold.
In times of economic instability, gold is traditionally viewed as a safe-haven investment, leading to increased demand and price appreciation.
The U.S. administration's decision to implement significant tariffs has contributed to market volatility, prompting investors to turn to gold for stability.
The surge in gold prices has positively impacted gold exchange-traded funds (ETFs), such as SPDR Gold Shares (GLD) and iShares Gold Trust (IAU), reflecting increased investor interest in gold.
Experts predict that gold's upward trajectory may continue if economic uncertainties persist, with potential price targets ranging between $3,000 and $3,500 per ounce.
