Gold Hits Record High, Predicted to Keep Rising Amid Economic Uncertainty
• Gold has reached a new all-time high of $2,406.9 per ounce, with experts predicting it could continue rising to $3,000 or even $4,000.
• The gold price surge is attributed to macro factors like an end to hiking cycles and a dismal economic outlook.
• Investors are hedging against risks like the Fed cutting rates as inflation accelerates or yield curve control.
• Gold's breakout signals something big is about to happen economically, perhaps requiring more QE or yield curve control.
• Analysts say it's not too late to participate in the gold rally, with potential to double from current levels in 2-3 years.