Is everyone rushing for 'real gold and silver' as a safe haven?
Spot gold has first broken through 4500 USD/ounce! Starting from 2623 USD at the beginning of the year, it has soared over 1900 USD this year, with an increase of nearly 72%
Creating the strongest annual performance since 1979.
At the same time: US stocks slightly up, yen rebounding, crypto linkage ( $BTC short-term rise)
The driving forces behind this are clear:
▪️ The Federal Reserve has cut interest rates three times this year (a total of 150bp by 2025) bringing rates down to 3.5-3.75%,
▪️ In addition to persistent geopolitical risks (Middle East tensions, Russia-Ukraine conflict, US-Venezuela tanker incident)
▪️ Global central banks have bought 850 tons of gold this year (historical high)
▪️ ETF inflows exceeded 80 billion USD (the highest since 2020)
