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Gold smashes another all-time high above $5,200

Gold smashes another all-time high above $5,200

Gold is on an absolute tear right now. Prices just pushed past $5,200, setting a fresh record as investors keep piling into safe havens. A softer dollar, global uncertainty, and nonstop macro noise are all fueling the move. Central banks are still buying, ETF inflows are strong, and momentum traders are clearly in control. That said, after a run this hot, some chop or profit-taking wouldn’t be surprising. Sentiment is stretched, but dips keep getting bought, which tells you demand is still very real. Is just getting started, or are we finally due for a breather after this monster rally?

@AntonioMyers 1 month ago

it's great to see some real action in gold after it stayed quiet for so long. hope this rally has more legs to it!