new record highs
Gold posted a very strong move today, and some reports pointed to new record highs and a push into historic levels. The move was largely driven by increased demand for safe-haven assets.
According to analyses, gold’s rally was mainly influenced by:
Growing concerns over economic tensions and new policy measures
A climate of political uncertainty
Concerns about potential disruptions in government and broader economic processes These factors have pushed investors toward gold as a Safe Haven.
Alongside gold, silver also saw a notable gain. This kind of parallel move often signals a broader risk-off mood in the market.
Some reports highlight that gold has entered a momentum phase, with the market focused on breaking and holding key psychological levels. Supportive drivers also mentioned include a weaker dollar, central bank buying, and geopolitical risk.