Gold’s Major Bull Run: What Will Extend It, What Will End It

Core Viewpoint - Gold and silver prices are experiencing significant bullish momentum due to heightened safe-haven demand amid geopolitical uncertainties and economic factors [1][4]. Group 1: Price Movements - Gold prices reached a record high of $3,922.70 for December Comex futures [1]. - Silver prices hit a 14-year high of $47.825 in December futures [1]. Group 2: Factors Driving Prices - Geopolitical tensions, including the Russia-Ukraine war, instability in the Middle East, and political issues in various countries, are increasing demand for gold and silver as safe-haven assets [5]. - The trend of "de-dollarization," led by BRICS nations, is contributing to a bearish outlook for the U.S. dollar and a bullish outlook for gold and silver, as countries are increasing their gold reserves [6]. - Economic policies, particularly the Federal Reserve's interest rate cuts, are expected to boost consumer and commercial demand for precious metals, with lower rates in China and India being particularly favorable for gold [7].