Gold hits record highs but is the rally sustainable?
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Gold prices have surged to unprecedented levels in both international and Indian markets, breaching $3,600 per ounce globally and crossing ₹1,09,000 per 10 grams domestically. This historic rally has been driven by a confluence of geopolitical tensions, economic uncertainty, and shifting investor sentiment. As the world grapples with instability across multiple fronts, gold has reasserted its role as the ultimate safe-haven asset. Global Economic Uncertainty Fuels Safe-Haven Demand The global economy is navigating a turbulent phase marked by slowing growth, persistent inflation, and volatile trade policies. The U.S. economy is exhibiting signs of strain, with revised job data revealing nearly one million fewer jobs than previously reported. This has triggered fears of a recession, prompting investors to seek refuge in gold. The uncertainty surrounding fiscal and monetary policy, especially under President Trump’s administration, has furth...