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Gold has been on a scorching run, hitting an all-time high. While it may seem easy to explain from a distance, the reasons behind this surge are far from clear. The precious metal is often seen as a "safe haven," and bullion prices are expected to rise when interest rates fall. However, the rally is defying a lot of normal thinking, especially when it comes to still-elevated rates. According to Ole Hansen, head of commodity strategy at Saxo Bank AS, "the narrative is changing towards sticky inflation and perhaps a hard landing, spiced with a lot of geopolitical uncertainty and de-globalization driving central bank demand." As investors try to make sense of what's driving this sudden rise, one thing is certain: gold's value continues to shine bright. #gold #preciousmetals #economy #investing https://lnkd.in/eMBJE9_B

The Gold Market Hunts for Answers Behind Bullion’s Sudden Surge

The Gold Market Hunts for Answers Behind Bullion’s Sudden Surge

bloomberg.com

Jackey Qin

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