Author: @aljif7
Platform: Hive
Date: 1 July 2025
Category: Finance
It looks like Gold is still reflecting as a safe haven Investment instrument for investors.
Gold futures are climbing again today, rising 1.7% to $3,362.50 per troy ounce, marking a second consecutive session of steady gains.
GOLD price is at 3,371.80 at the moment of this post.
Despite markets shifting into a risk-on mood, gold continues to attract investors seeking shelter from ongoing uncertainties. According to David Morrison of Trade Nation, persistent geopolitical tensions and macroeconomic concerns are fueling demand for safe-haven assets like gold.
A weaker U.S. dollar is also playing a key role, boosting gold’s appeal as it becomes cheaper for holders of other currencies to buy the precious metal.
However, Morrison cautions investors to remain vigilant. The dollar currently appears heavily oversold, and a potential rebound could make dollar-denominated commodities more expensive — and shift investor preference back toward the greenback as a safe-haven asset.
In short: while gold shines bright today, tomorrow’s rally may depend on the dollar's next move.
#Gold #Commodities #MarketUpdate #SafeHaven #TradeNation #Investing #Economy