Gold Prices Surge to Record Highs Despite Booming U.S. Economy
• Gold prices hit new all-time highs despite a strong stock market and economy in the U.S.
• Demand from Chinese investors seeking to hedge economic risks is a major driver of gold's gains.
• Some U.S. investors are betting against higher inflation or seeking portfolio diversification from stocks.
• Geopolitical instability from conflicts and the upcoming election are also boosting gold's safe haven appeal.
• Further interest rate cuts and continued high central bank purchases should keep sentiment for gold bullish.