Gold Hits Record High of $3,600 as Dollar Weakens Further

The global financial market on Friday witnessed a historic development as the price of gold surged to an all-time record of $3,600 per ounce, underscoring investors’ flight to safety amid concerns over the weakening United States dollar... Read Full Article.. .

The U.S. currency, once considered the most stable store of value, has lost about 20 percent of its purchasing power since 2020, according to financial experts. This sustained decline, analysts say, is largely driven by inflationary pressures, rising government debt, and geopolitical instability.

Gold, traditionally regarded as a hedge against economic uncertainty, has continued to attract investors seeking protection from currency depreciation. Analysts believe the rally may extend further if inflation persists and global tensions intensify.

“Gold’s rise is a direct reflection of waning confidence in the dollar and a broader search for stability,” a market analyst told Ondopress. “The trajectory suggests the precious metal could test even higher levels if,and..  Read . .More —