🥇 Gold prices have surged this month, nearing a record high as investors seek safe havens amid economic uncertainty and lofty valuations of artificial intelligence stocks.
✅ Highlights:
⏩ Searches Surge: Data from Google Trends shows a spike in searches for gold in the US during the stock market sell-off, with interest rising from 61 to a maximum of 100.
⏩ Economic Concerns: Investor worries increased after worse-than-expected US unemployment data triggered the Sahm rule, an indicator of a possible recession.
⏩ Geopolitical Tensions: Rising tensions in the Middle East, particularly concerns about conflict between Iran and Israel, have added to investor worries.
⏩ Market Impact: A global sell-off sent Japan's Nikkei 225 index to its worst two-day performance in history, while some stock exchanges were temporarily disrupted.
⏩ Bitcoin and Gold Developments: Bitcoin dropped to around $48,200 before recovering, while Gold prices rose by nearly $2,500 and stabilized at $2,400.
⏩ Optimistic Outlook: Analysts predict gold prices could break previous highs in the coming weeks, boosted by a weakening US economy and the possibility of a Federal Reserve rate cut.
🔗 Source: https://t.me/cryptoanalysisvn/1/1937
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