Gold Soars to Record Highs: What's Driving the Unprecedented Rally?

• Spot gold reached over $4,494 an ounce; MCX futures for 24K stood at Rs 1,38,325, previously peaking at Rs 1,38,496.
• The uptrend is fueled by expectations of looser US monetary policy, rising geopolitical tensions, and persistent inflation concerns.
• Experts like Jateen Trivedi and Rahul Gupta highlight a bullish bias, citing flight to safety and steady central bank buying.
• Gold has surpassed $4,500 (Rs 1,38,000) for the 50th record-breaking session this year.
• Outlook suggests the rally could extend towards $4,575 (Rs 1,40,000) and potentially $5,000 (Rs 1,50,000) in coming weeks.

Why It Matters: Gold prices continue their record-breaking ascent, driven by global economic uncertainties and policy shifts.