Core Insights - Gold is currently experiencing significant price increases, trading at over $4,300 per ounce, marking near all-time highs and surpassing a market valuation of $30 trillion [1][2] - The surge in gold prices positions it as a more valuable asset compared to Bitcoin, Nvidia, and Microsoft, reinforcing its status as a reliable store of value during economic uncertainty [2][5] Demand Factors - Geopolitical tensions, particularly between the U.S. and China, have heightened the demand for gold as a safe haven asset [5] - Central banks, including those in China and Russia, are reportedly making record gold purchases, accumulating over 1,000 tons in 2025 alone as they diversify away from the U.S. dollar [6] - Concerns over potential Federal Reserve rate cuts and rising inflation are driving demand for gold, as it is seen as a hedge against purchasing power erosion [7]
Gold Is King Now But BTC USD Will 14X To Over $1,400,000: Mexican Billionaire
Yahoo Finance·2025-10-17 10:58