💥📉Gold finds balance at $5,000, but recession risks could spark next rally
🪙(Kitco News) - Volatility in gold and silver has calmed, with prices settling slightly above $5,000 and $80 an ounce, respectively; however, one financial institution warns investors to expect further price swings in the coming months as the market continues to consolidate.
🪙In its latest quarterly outlook, commodity analysts at Sucden Financial said they expect gold prices to continue trading around $5,000 an ounce through the first quarter as the market balances its role as both a momentum trade and a safe-haven asset.
🪙The analysts said that despite the new speculative momentum, persistent geopolitical tensions, combined with deep uncertainty around U.S. monetary policy and threats to its political independence, have shifted gold’s role to become an expression of macro distrust rather than its traditional function as a hedge against inflation.
