On Monday, 21 Apr 2025, the gold market leaped to a record high on sustained safe-haven purchasing. This surge is largely attributable to investors finding solace in gold amidst turbulent market conditions.
Notably, volatile stock markets and looming economic uncertainties have been instrumental in escalating gold’s appeal as a safe-haven asset. This unrelenting purchase has subsequently led gold prices to score an unprecedented high, much to the astonishment of market watchers.
Gold, typically viewed as a hedge against inflation and currency debasement, has received a boost from the cautious mood of global investors, who seek to balance their portfolios with stable and tangible assets.
Historically, this precious metal has proved to be a reliable store of value in times of economic or geopolitical unease, thus witnessing sustained buying pressure in trying times. Such is the scenario in the current marketplace, as confirmed by KITCO. Read More
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