Safe-Haven Demand Drives Gold Prices Over $2,000/oz: Is Gold Too High? | The Gold Spot

Global turmoil has investors seeking refuge in safe-haven assets, especially physical gold, as inflation surges and wars escalate.

Gold has boldly crossed the $2,000 an ounce threshold, marking its highest level since mid-2023. The soaring demand for gold bullion is fueling this impressive climb, but some investors wonder if it's too high.

In times of uncertainty, the investment behavior of central banks can be a guiding light for investors. As gold prices reach relative highs, governments have only ramped up their gold-binging, on track to set a new record in 2024.

Central banks understand that the harsh economic and geopolitical realities behind the surge in gold prices aren’t going anywhere anytime soon. The #FederalReserve is still fighting inflation, Russia is still invading Ukraine, Hamas and Israel are still at war, and the #dollar is still under attack.

Join us on this week's The Gold Spot, where Scottsdale Bullion & Coin Precious Metals Advisor Joe Elkjer and Senior Precious Metals Advisor Steve Rand dive into the recent surge in gold prices, why gold remains a fantastic investment at current levels, and what the future holds for investors.

⭐ RELATED LINKS:

📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/

🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/

👉 Gold Bullion Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/

⭐ Advisors in this The Gold Spot video:

👤 Joe Elkjer, Precious Metals Advisor @sbcgold : https://www.sbcgold.com/about/joe-elkjer/

👤 Steve Rand, Sr. Precious Metals Advisor at @sbcgold : https://www.sbcgold.com/about/steve-rand/