Gold Hits Record High—$3,400/oz Is In Sight. Here's Why It Matters.

Gold Hits Record High—$3,400/oz Is In Sight. Here's Why It Matters.

Gold is on fire right now, hitting new all-time highs and inching closer to breaking $3,400 per ounce—something never seen before.

Since the start of the pandemic, gold has doubled, even outpacing the S&P 500. As a form of hard money, gold is often seen as the ultimate flight to safety during uncertain times.

Interestingly, while gold futures and the dollar are down, Bitcoin is up, fueling some speculation about it decoupling from traditional markets. But with all this movement in gold, it’s worth wondering if it signals a bearish outlook for other markets.

The race is on—keep an eye on gold and Bitcoin. It could be a sign of bigger shifts ahead.