AuAltinavcisiPrecious metals news and analysis

Gold

U.S. Credit Cut Sparks Gold Rally

How a 0.5% Portfolio Shift Could Drive a $6,000 Gold Supercycle
How a 0.5% Portfolio Shift Could Drive a $6,000 Gold Supercycle

Gold prices climbed +1% Monday morning as investors flocked to safe-haven assets after the U.S. suffered a surprise credit downgrade.

The downgrade, combined with rising inflation and geopolitical unease, has driven renewed interest in gold as a hedge.

Analysts note that central bank purchases and Asian demand remain strong tailwinds. Expectations of a prolonged risk-off environment could sustain upward pressure on prices.

Eight more from the desk

Other dispatches from the bullion wire.