Gold prices have surged to record highs, reaching over $2,900 per fine ounce (31.1 grams) on February 10th, marking the eighth record this year. The price is approaching the $3,000 threshold.
Analysts attribute the rise to uncertainties surrounding U.S. trade policies and fears of a global economic crisis. These factors drive investors towards gold as a safe haven asset.
While some analysts predict continued growth, driven by central bank purchases and investor demand, others foresee a potential price correction due to reduced demand from key markets like China and India, as well as the potential end of interest rate cuts.