Posted 4/5/2024, 6:18:00 PM
Gold Shines Bright as Investors and Central Banks Stock Up Amid Global Uncertainty
- Gold rally continues with nearly 5% weekly gain as the precious metal decouples from the U.S. dollar and interest rates
- Central banks are buying gold to diversify reserves as geopolitical risks grow
- Consumers, especially in Asia, are buying gold to protect wealth amid economic uncertainty
- Investors like Frank Giustra and David Einhorn see gold as a hedge against global debt problems and loose monetary policies
- Silver beginning its rally with over 10% weekly gain, presents opportunity for those who missed early stages of gold rally