Gold rises above $ 4,000
Gold prices rose in early Friday trading and are back above $4,000, benefiting from increased demand for safe-haven assets. There has been a drop in risk appetite across financial markets, driving losses in equities as capital flows towards assets considered safer. Traders are reacting to growing speculation about the possibility of an AI-driven bubble triggering a sharp correction in equity markets. Gold is also drawing support from the uncertainty created by the US government shutdown, which has now reached its 38th day, impacting economic output and delaying the release of key data on which traders usually rely. A third factor supporting the precious metal is the slightly weaker US dollar, which fell by almost half a percentage point against other major currencies on Thursday. Against this backdrop, there may be scope for further gold appreciation.
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Author
Ricardo Evangelista
ActivTrades
Ricardo Evangelista is a seasoned financial markets professional with extensive experience in trading, analysis, and market strategy.
