Is your savings losing value? Gold just surged to a record high, sparking investor frenzy.
The precious metal reached over $3,500 per ounce, fueled by expectations of US interest rate cuts and a weaker dollar, according to Reuters. This marks a significant shift as investors seek safer assets amid economic uncertainty.
Recent data shows gold demand is surging, with silver also hitting a 14-year high, as reported by CNBC. This surge reflects a broader trend of investors hedging against inflation and potential market volatility.
Analysts predict this upward momentum could continue, potentially impacting retirement portfolios and investment strategies worldwide.
