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$4,000 gold reflects ‘deeper shift in investor psychology and global capital flows’ – Saxo Bank’s Hansen
Gold’s break above $4,000 is about more than rate expectations and a weaker dollar, but reflects a deeper shift in investor psychology and global capital flows, according to Ole Hansen, head of commodity strategy at Saxo Bank. “Gold’s relentless advance has entered uncharted territory after Asia saw the spot price break decisively above USD 4,000 per ounce for the first time, reaching USD 4,039 before stabilising - defying both a recovering dollar and renewed caution from the Federal Reserve on the pace of future rate cuts,” Hansen wrote in his latest update. “The milestone caps a year-long rally that has ... (full story)
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From freshforex.com | Oct 8, 2025
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