Gold Nears $4,000 Amid Safe-Haven Demand
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Gold prices are approaching the $4,000 per ounce milestone, with futures hitting the mark and spot prices reaching $3,976, according to TradingView.
Investors are flocking to gold amid geopolitical tensions, trade uncertainties, and global inflation, seeking safe-haven assets as fiat currencies weaken. Gold has surged over 50% since January, outperforming Bitcoin’s 33.5% gain over the same period.
Critics like Peter Schiff warn that the rally reflects flaws in current Fed policy, calling for immediate interest rate hikes to stabilize the dollar.
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Gold staying this strong means uncertainty isn’t going anywhere soon.