Gold is on an unstoppable rally, edging closer to the highly anticipated $3,000 per troy ounce mark. Investors are flocking to the precious metal as global uncertainties mount, driven by escalating tensions in the Ukraine-Russia conflict and renewed tariff threats from former US President Trump.
The recent record highs of $2,940 to $2,942 now serve as a key support zone, reinforcing gold’s strong momentum. This inverse polarity effect suggests that any pullbacks could be short-lived, with buyers likely stepping in to maintain the bullish trajectory. As market volatility intensifies, gold’s status as a safe-haven asset continues to strengthen, drawing in capital from investors seeking stability.
Gold remains a critical hedge against geopolitical risks and economic instability, proving its resilience in times of global turmoil.
London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.