Gold, as a safe haven asset continued to benefit from escalations in Gaza war.

In Europe, ECB minutes showed officials saw a stronger case for the begininng of their loosening cycle.

Grossly undervalued. 😁😁😁

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Turkey's stk mkt is at all time high ? 😁😁😁

Please hold on tight. Poh Kong is on an uptrend now !!! 😋😋😋

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President Joe Biden held a phone call with the Chinese leader Xi Jinping on Tuesday morning in the latest effort to drive down tensions between the world's two most powerful nations. ... highest global political tension in the world ? Buy some gold now to protect and preserve our wealth ?

No food on the table, then what to do ?

Gold is going up because of the fact that it was deeply oversold and under-owned.

San Francisco Fed President Mary Daly said the Fed need to see how long to keep rates at current levels. She supports three rate cuts, but added that it’s a projection, not a promise.

Cleveland Fed Loretta Mester said that she doesn’t have enough information for a May meeting cut, yet foresees three rate cuts in 2024. Mester added the Fed’s challenge would be balancing the risks between inflation and employment.

A pair of Federal Reserve policymakers said it would be “reasonable” to cut US interest rates three times this year, even as stronger recent economic data has sown investor doubts about that outcome.

Gold prices have been hitting new highs, and the rally is far from over. Several factors contribute to this surge:

Interest Rate Expectations: Growing expectations of US interest rate cuts have driven investors toward gold as a safe-haven asset12.
Central Bank Buying: Central banks and Chinese investors have been buying gold in significant quantities, further boosting its price3.
Geopolitical Tensions: Investors view gold as a hedge against global conflicts, and the current geopolitical landscape has fueled demand4.
Federal Reserve Rate Cuts: Anticipated rate cuts by the Federal Reserve have also played a role in driving gold prices to record levels4.
In summary, a combination of economic factors, investor sentiment, and central bank actions has propelled gold to its all-time highs.

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A coordinated move of creating a collective new currency backed by gold by the BRICS Plus against the U.S. dollar could lead to dire financial results globally.

Between the country's central bank and the Chinese public, China takes up over two-thirds of all the annual production. They are the new marginal buyer. That's where the gold price is set.

The marginal buyer of gold is no longer the U.S. It's no longer Europe. It's China.

The West has lost its power to set the price of gold

The time to sell is when everyone is talking about gold and the gold miners are taking off.

The gold mining sector, while off its lows is still significantly undervalued compared to gold prices.

The gold rally has just only started.

Gold smells a massive money-printing program coming at some point. In fact, low-grade money printing has already occurred.

Gold is not expensive. The truth is that the U.S. dollar is cheap as the US government floods the global economy with it.

The U.S. dollar is losing its grip on the gold market as U.S. government debt continues to spiral higher.

If the Fed starts cutting rates, bond yields will fall, which makes gold a more attractive safe-haven.

Gold is well supported as a geopolitical risk hedge.

The gold market continues to be an unstoppable juggernaut as it closes out the month and quarter near a record high, solidly above $2,200 an ounce.

FED's tightening cycle is over, and even if they don’t cut interest rates three times this year, gold should continue to benefit.

Gold is definitely an important core piece of any properly balanced investment portfolio.

Over time, gold can help to enhance the returns of a properly balanced portfolio. And whether gold is going up, down, or sideways, it will also help reduce the volatility of your portfolio.

It's only a matter of time before investors embrace gold as a safe-haven asset as global economic uncertainty drives market volatility higher.

It makes sense to hold up to 20% of your portfolio in gold.

All retail mkt players are miskin !!! Bcos we all kena hammered by the mkt lah. 😥😥😥

Paper money is created from nothing ! As such there is only NOTHING for us to trust ! 😁😁

Gold held its own and increased in price, rising 21% in US dollars from December 2007 to February 2009 (global financial crisis) while equities, other risk assets, hedge funds, real estate, and most commodities tumbled in value.

Gold is a great tool for diversification as its NEGATIVE correlation to equities and other risk assets increases as these assets sell-off.

In crises, many investors turned to gold in order to hedge themselves against currency devaluation and preserve their purchasing power over time.

Fiat money can be printed in UNLIMITED quantities to support monetary policy, as exemplified by the quantitative easing measures in the aftermath of the Global Financial Crisis (GFC) and the COVID-19 pandemic.

Gold mine production has grown slowly over time – increasing by approximately 1.7% per year over the past 20 years,

Gold has clearly continued to outperform most major currencies in the more recent past.

Since the gold standard was removed from backing the U.S. dollar, “gold has significantly outperformed all major currencies and commodities as a means of exchange.

Gold should do well in periods of deflation. Such periods are characterized by low interest rates, reduced consumption and investment, and financial stress, all of which tend to foster gold demand.

Over the long term, gold has not just preserved capital but also helped it grow,

Gold also protects investors against high inflation.

In years when inflation was between 2%-5%, gold’s price increased 8% per year on average.”

Since 1971 gold has outpaced the US and world consumer price indices (CPI).

Gold’s long-term return is comparable to equities and higher than bonds. Gold has also outperformed many other major asset classes over the past 3, 5, 10 and 20 years.

The gold rally so far has been fueled by robust purchases from the world's central banks in a bid to diversify reserve portfolios due to geopolitical risks, domestic inflation and the U.S. dollar's weakness.