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In recent times, gold prices have surged significantly, with spot futures prices breaking historical records, reaching $2,152 per troy ounce. “Barron’s Weekly” suggests that this may be an opportune moment for long-term gold investment, with expectations of continued growth over the next decade. RBC strategist Christopher Louney believes that the rise in gold is a short-term response to changes in monetary policy, declining bond yields, and a weakened U.S. dollar. However, he warns that once these driving factors diminish, the upward trend may be challenging to sustain, advising investors to profit timely. 💹📉

In contrast, columnist Levi Song from “Barron’s Weekly” believes that abandoning gold could mean missing out on a highly favorable decade, citing historical instances where gold performed exceptionally well in similar situations. Signs indicate that gold is once again demonstrating a robust outlook, influenced by the relationship between gold prices and U.S. bond yields. 💰📈

Summary of factors contributing to the rise in gold:

Expected Interest Rate Decrease: Signs of economic recession may lead central banks to cut interest rates, which can drive an increase in gold prices. 📉🏦

Potential Intensification of Inflation: Increasing inflation may suppress real interest rates, becoming one of the reasons for the rise in gold. 💹📈

Escalation of Geopolitical Tensions: Gold prices are influenced by geopolitical factors, such as an escalation of conflicts, providing support to prices. ⚔️🌐

De-dollarization Trend: The international community reducing reliance on the U.S. dollar, shifting towards local currencies, may be a long-term factor for the rise in gold. 🌍💵

Central Banks’ Massive Gold Purchases: Global central banks are expected to continue substantial gold purchases, providing support to the market. 🌐💼

While short-term factors may lead to a decline in gold prices, technical analysis suggests the possibility of an increase to $2,400 per troy ounce, and even a surge to $3,000 after breaking resistance levels. 🚀💎

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