Gold reached an all-time high, driven by increased central bank purchases and investor demand for safe-haven assets amid global uncertainty and tariff threats. Futures prices also rose, with bulls having the advantage as prices trend upwards. Central banks accelerated gold buying in response to inflation and geopolitical tensions.
Gold’s record-high prices, combined with growing economic uncertainty and market volatility, are bringing a new focus to the precious metal’s role within global financial markets.
High inflation and a disappointing report on economic growth, followed by a sudden drop in stocks late last month made for a familiar economic combination.
The yellow metal rallied an incredible 7.3% last month to close at $1,983 an ounce, its strongest October since 1978 when it jumped 11.7%.
investors have continued to add physical precious metals as part of a well-diversified portfolio as the entire precious metals sector has outperformed the Dow over the past year.
The World Gold Council has released its Responsible Gold Mining Principles (RGMP), a framework for market stakeholders as to what constitutes responsible mining.
An epic gold bull market is on the menu for 2019. I’m not talking about a garden-variety cyclical gold bull market, but rather one of the biggest gold manias in history. This gold mania will be riding the wave of an incredibly powerful trend… the re-monetization of gold.
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