Analysts say that the gold price record is driven by “the trade of the land of value”, China and the fear of the artificial intelligence bubble

At first glance, this does not make sense. Gold is traditionally one of the safe assets that investors resort to when the times become difficult. But GDP growth in the United States is strong, unemployment is low, and the Standard & Poor’s index records 500 unprecedented daily altitudes. All of this seems to be the best time, not the worst time.

Why does gold pass through the ceiling?

There are several factors that pay the price to the height:

• “The Trade of Holiness”: Government debt in the United States, the United Kingdom, Europe and Japan have reached high levels that some investors are so high. The bonds are no longer a safe haven. So they went to gold instead.
• The US government closure: America looks like a basket at the present time, and gold is a good way to ensure that your money is not linked to the dollar -based assets.
• China: Foreign central banks diversify their reserves away from the US dollar, which weakened this year by 9% against other currencies due to political chaos in America. “The people China Bank “Its plan to buy gold in September is expanded for the eleventh month in a row, despite the standard high prices,” said Iowa Mansathi, from ing, in a note of customers recently.
• Fear of the artificial intelligence bubble: Joe Davis, chief economist in Pioneer The group, in perfect expression: “We are witnessing a rope tension game” He told Wall Street Journal. “You have a Standard & Poor’s 500 -Poverty index in a greater artificial intelligence, and you have the golden camp that says: We will suffer from a structural deficit, and we have financial pressure in the United States, and I need to manage these risks.”

“The last height was supported by the increasing state of uncertainty about the closure of the US government and the fear of losing flows to the investment funds circulating of actual gold. Of course, the total background consisting of the weakness of the dollar, the resumption of the interest rates cycle, the American deficit concerns, the anxiety of inflation associated with customs tariffs, and fixed purchases from foreign central banks, have also supported the rise “Adam Tornkoyst of LPL Financial said in Charlotte, North Carolina, said in a note that I saw luck.

Many investors are concerned that growth in technology shares, which is fueled by AI will end up, will end up, according to Terry and Yazman from the University of Macquari. He wrote in a research note: “It seems that it seems that the high technology of artificial intelligence based on hope occurs simultaneously with the rise in gold. But the rise of gold is the collective” hedge “against the potential failure of artificial intelligence -based technology in the United States to fulfill its highly productive promises and high growth, or justify the huge investment needed to support those promises.

Investor The uncertainty is likely to continue for some time as long as the United States continues to be closed. The largest and most reliable economy data sources are now not connected to the Internet, and traders are in a state of negligence, according to Gregory Daco, the chief economist at E -Way -Parthenon: “Government closure exacerbates the fragile background already, where every week of paralysis is expected to reduce approximately 0.1 percentage points of real GDP growth – in addition to The increasing operational disorders and the increasing corrosion in the confidence of companies and consumers.

But do not expect shares to decline any time soon. Dako says the Fed’s Reserve Bank may make consecutive discounts in interest rates this year, and stock investors are likely to welcome this.

Below is a quick snapshot of the markets before the opening bell in New York this morning:

• Standard & Poor’s 500 futures index It rose 0.14% this morning. The index was closed down 0.38% in its last session.
• Stoxus Europe 600 It increased by 0.55% in early transactions.
• FTSE 100 index in the United Kingdom It increased by 0.55% in early transactions.
• Japanese Nikki Index 225 He decreased by 0.45%.
• China CSI 300 It increased by 0.45%.
• South Korea Kosby It increased by 2.7%.
• India Stylish 50 He decreased by 0.13% before the end of the session.
• Bitcoin He decreased to 122.6 thousand dollars.