Gold Price
Gold price reached an all-time high at $3,057.4 per ounce on March 20, 2025. This massive gold demand is driven by the tough recent context that includes geopolitical uncertainty from the Ukraine-Russian war, tariff wars and tensions between the US and many leading countries, concerns about high inflation, fear of recession, government purchases, etc.
Whatever reasons push gold price up to an all-time high, it is anticipated to see a correction or reversal of the price, both psychologically and technically. Clearly, gold seems to be overbought, so it's expected to see profit-taking sell-off amounts.
If the economy is really stabilized or highly likely to be stabilized based on market sentiment, gold price will decline. But there are many other factors that make gold price fluctuate, not only real economic stability.
A decline in gold price may cause a rebound in asset markets like stocks and crypto if the decline does not come from a massive market crash or the fear of a deep economic recession. This inverse relationship is more clear in critical economic times as investors may buy gold as a safe-haven asset.
This post was also published on Medium on March 22, 2025, by the same author.
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