Gold Surges To $1940! Here's Why It May Be Only The Beginning For Gold Prices

global tensions have soared, gold has outperformed other safe-havens like US Treasuries bitcoin, and the swiss franc.
“Gold may continue to outperform other haven assets, with an added tailwind from central bank purchases and also displaying its characteristic as an inflation hedge,” said Yeap Jun Rong, a strategist at IG Asia Pte.
“The conflict has not seen any signs of easing and further escalation may heighten risks of persistent inflationary pressures, which will continue to draw traction for gold prices.”
All three asset-classes had traded with a relatively high correlation for the last few years, but the last two months have that change dramatically.

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