Spot gold breaking above its October 20 high of $4,381.4/oz and setting a new all-time high is a significant macro signal, reflecting a shift in global investor psychology rather than merely a technical breakout. Gold has always served as the ultimate safe-haven, attracting capital during periods of uncertainty, geopolitical tension, or concerns over monetary instability. This latest surge indicates that global risk appetite is waning, at least temporarily, as investors increasingly prioritize capital preservation over high-beta exposure. From my perspective, the move suggests that market part
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