🥇 Gold Smashes Another All-Time High
Gold just pushed past $4,950/oz, printing a fresh record and heading for its strongest weekly performance since March 2020. The move isn’t random — it’s the result of multiple macro forces lining up at once.
🌍 Geopolitical uncertainty remains elevated after Trump announced permanent US access to Greenland, while Denmark insists its sovereignty remains intact. The lack of clarity is keeping risk premiums high.
💵 A softer US dollar continues to act as fuel for gold, making the metal more attractive globally.
📉 Inflation data came in as expected, confirming disinflation is ongoing even as economic activity holds up — giving the Fed room to ease.
🏦 Markets now price in two Fed rate cuts this year, and anticipation is building around Trump’s pick for the next Fed chair. A more dovish choice could add further upside pressure on gold.
Safe-haven demand is clearly back in control — and for now, gold bulls are running the show.
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