Gold has always been a popular choice when people are worried about the economy. It’s known as a “safe” place to keep money during tough times. Lately, gold prices have been rising and falling a lot — this is what people call “turmoil.”
This happens for a few reasons. One big reason is interest rates. When rates are high, people prefer to save money in the bank or buy bonds because they earn interest. Gold doesn’t give interest, so it becomes less attractive. But when there’s fear of inflation, war, or market crashes, gold becomes more popular again.
In recent times, central banks have been buying more gold. There are also concerns about high debt in the U.S. and global conflicts, especially in the Middle East. These issues make people more nervous and push them towards gold.
So, can gold go above $3,500 per ounce? It’s possible, but not certain. For it to happen, inflation would likely need to stay high, the U.S. dollar might need to weaken, or a major crisis could push investors to rush into gold.
Gold still has strong support — but its future price depends on how the world economy and politics change in the months ahead.
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