The price of gold hit a new peak of $4,420 / ounce.
📌 News summary: Gold price hits new peak of $4,420 / ounce
World gold prices rose markedly early in the week, with spot gold reaching about US $4,420 per ounce, a record high, and more than 1.7% higher than the previous day.
📈 The main factor driving the price of gold.
1. The U.S. dollar weakens, makes gold cheaper in the eyes of foreign investors, and increases the buying force of gold as a safe asset.
2. Geopolitical risk increases, resulting in more investors seeking safe assets such as gold.
3. Expectations about U.S. monetary policy. Investors expect the Federal Reserve Bank (Fed) to likely lower interest rates in the future, which stimulates the increase in gold purchases.
📊 Short-term and long-term perspectives.
• Although gold prices continue to rise, trading during low-liquidity festivals can cause prices to move up-and-down fast in the short term.
• Overall, analysts also view the long-term gold price outlook as positive, from safe asset buying forces and uncertain macroeconomic factors.
# Gold# Real gold # Goldc# Real gold














































































