Wondering why Gold is rising so rapidly? 🤔📈

Hello Pip Surfers! We aim to help you get smarter about your trading in 5-minute reads, this article is all about gold, and you won’t have to dig in the ground to find this information!

What’s on the agenda today:

• Why and how is gold hitting all-time highs? 📈

Why and how is Gold hitting all-time highs? 📈

Trading has been wild since 2020, filled with historic lows and new highs never before seen in the history of the market. Oil has hit negatives during the OCIVD era, tweets have had an impact on crypto and stock movements, and short squeezes have been created on subreddits and Wall Street Bets. Crazy is the word for it…..

What is happening to Gold right now is a historic event, one that will be remembered in the history of the metal market.
Gold today just hit $2,685 per ounce in the earlier trading sessions today, an all-time high! It’s like a runaway train at the moment except you’re making some greenbacks from it and not getting run over…

Despite its shine and twinkle of late a 3rd of the way through 2024, there is reasoning behind this massive bull run. And, the most important question is whether there is still an opportunity for traders to take advantage of this market.

But first, look at her go😲:

Global tensions fueling the fire 🌏

A geopolitical turmoil is currently unfolding and has been for some time, particularly in the Middle East and Eastern Europe, in times when the world is unsure, investment turns to safe havens and so investment has turned to Gold as the commodity of choice.
Investors look more at investing in Risk-Off assets during this type of geopolitical climate rather than risk on investments. This is due to the fact that they know Gold will still hold its value through rough times in human history.

The Fed’s interest rate decision 🖨️

Since the Fed cut rates, this sinks the value of the dollar ie money becomes cheaper to borrow and the Fed prints out money. When this economic phenomenon occurs known as an expansionary monetary policy, investors go to safe-haven assets like Gold as its potential earnings are higher than other assets.
In short, as the dollar value declines, Gold’s value increases. Gold therefore becomes the hedge against the easing of monetary policy.

The U.S. Presidential election is around the corner ❎

If you delve into past price action around election events, the markets are generally quite volatile and offer lots of opportunities for traders 🎢

Gold is one of the better-performing assets around this time.
Due to the uncertainties created by elections and who the next party is lead the country, safe haven assets are seen as a go-to for investors, therefore Gold/Metal Market tends to rise during the pre-election era.
This year the uncertainty around elections is especially filled with doubts, giving the shiny metal more of a reason to be on the rise!

💥 Use AI to 10X your productivity & efficiency at work (free bonus) 🤯

Still struggling to achieve work-life balance and manage your time efficiently?

Join this 3 hour Intensive Workshop on AI & ChatGPT tools (usually $399) but FREE for first 100 readers.

Save your free spot here (seats are filling fast!) ⏰

Want to be one of these people & be a smart worker?
Free up 3 hours of your time to learn AI strategies & hacks that less than 1% people know! 

🗓️ Tomorrow | ⏱️ 10 AM EST

In this workshop, you will learn how to:

✅ Make smarter decisions based on data in seconds using AI 
✅ Automate daily tasks and increase productivity & creativity
✅ Skyrocket your business growth by leveraging the power of AI
✅ Save 1000s of dollars by using ChatGPT to simplify complex problems 

👉 Hurry! Click here to register (FREE for First 100 people only) 🎁