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Gold price have flown to new all-time highs now. The current gold surge is due to increased demand as a safe-haven asset amid global economic uncertainty, high inflation, the Federal Reserve’s independence and geopolitical risks. The price of gold relies on market sentiment and demand. When people are fearful of the economy, demand for gold rises and its price increases. But when people become less fearful, demand for gold falls, and its price decreases. Gold price is always volatile and difficult to gauge. Most investors would invest in gold ETF for example $iShares Gold Trust(IAU)$ or $SPDR Gold Shares(GLD)$ to play safe. Thanks @Tiger_comments @TigerStars @Tiger_SG @GoodLife99
Silver Sharp Slides! Take Profits Before More Pain?
After breaking above the $80 per ounce mark for the first time, silver saw a sharp pullback. Bloomberg reported that the decline was driven by traders taking profits after the record-breaking rally, which had been fueled by structural supply–demand imbalances. At one point, silver fell by as much as 10%. Earlier, following five consecutive sessions of gains, silver had surged to a record intraday high of $84 per ounce. Would you take profits of silver and other precious metals? Is the super bull run done? Or would silver hit $100 in 2026?
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