US gold is ripping higher again, closing in on the $5,000/oz mark as a weaker dollar, political shocks and renewed pressure on the Fed turbocharge demand for safe havens
⚫️ Spot gold hit a fresh record above $4,967 and is up almost 8% on the week, while silver surged to just below $100 and platinum also set a new high as the dollar heads for its worst week in seven months
⚫️ Investors are piling into the “debasement trade” as President Trump attacks Fed independence, intervenes militarily in Venezuela and openly floats annexing Greenland, pushing capital out of sovereign bonds and into gold
⚫️ Goldman Sachs just raised its year-end gold target to $5,400/oz, citing surging demand from both central banks and private investors who are hedging long-term policy and regime-shift risks rather than one-off events
⚫️ Central banks such as Poland’s are ramping up purchases — Warsaw approved another 150 tons — while countries like India cut US Treasury holdings and rotate reserves into bullion and other alternatives
⚫️ Silver has more than tripled in a year on short squeezes, retail FOMO and confusion around Chinese export rules, leaving liquidity thin and volatility extreme as banks slash trading risk and widen spreads
With the post-WWII monetary order looking less stable and the Fed under political fire, gold is increasingly traded not just as an inflation hedge, but as insurance against a broader institutional shock
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