With the price of an ounce of gold reaching record-breaking new highs, currently $ 4,070 as I write, it remains the primary safe-haven asset, along with the dollar. Despite some fears that gold may be overbought, both private funds and central banks have continued to buy. Gold is also supported by expectations that further interest rate cuts are on the horizon.
The dollar has been facing pushback as geopolitical risks intensify, with both France and Japan experiencing political shake-ups, the US government shutdown, and chatter about de-dollarization. As long as these issues persist, gold is likely to remain strong.
