Gold Stubbornly in the Record Zone
Gold has regained strength and remains above a key psychological level, continuing a rally supported by two factors: a weakening dollar and investors seeking safe havens as global risks rise again.
The boost comes from a weaker dollar, making gold more attractive to buyers outside the United States. At the same time, trade tensions have escalated after US President Donald Trump threatened significant tariffs on South Korean goods.
Gold's recent rise is also being interpreted as a return to the "currency weakness trade," as market participants begin to move away from currencies and government bonds. Recent volatility in the Japanese bond market has further reinforced the narrative that investors are becoming increasingly sensitive to fiscal risks.
Other precious metals have also moved. Silver remains strong despite retreating from its recent peak, while platinum and palladium have also risen. Meanwhile, the dollar index has stabilized after previously weakening.
From a technical perspective, analysts believe gold's best path remains upward as long as prices remain above this psychological level. The market's focus now shifts to the next target area, while the nearest support level remains key: if it falters, the room for correction could widen. (az)
Source: Newsmaker.id
