Gold Prices Surge to 14-Year Highs Amid Global Economic Uncertainty

Gold prices have surged to record highs globally and in India amid economic uncertainties, including the risk of a US government shutdown and expectations of Federal Reserve rate cuts. In Hyderabad, 10 grams of 24-carat gold reached nearly Rs 1.2 lakh, marking the largest monthly increase in 14 years, while silver also hit new peaks on commodity exchanges. Globally, gold futures have crossed $3,800 per ounce, reflecting strong safe-haven demand. Analysts cite factors such as global inflation, a weakening US dollar, geopolitical tensions, and increased central bank gold reserves as driving prices higher, with Indian gold prices expected to approach Rs 90,000 per sovereign soon. Investors view gold as a stable store of value during volatile economic times, with options including physical gold, gold IRAs, and digital gold-backed assets like Tether Gold (XAUt). The trend underscores gold's role as a hedge against inflation and economic uncertainty across various markets and investment forms.