29 November 2023
Amid market uncertainty, investors are holding record amounts of cash, reflecting skepticism about the economy’s health despite official positive statistics. The stock market’s optimism is driven more by expectations of Federal Reserve rate cuts rather than true economic strength. With concerns about the long-term value of cash due to inflation and credit risks, there is increasing interest in gold as a stable and potentially more profitable alternative. Investors are looking for a catalyst to shift from conventional assets to precious metals like gold, seeing it as a safer option in uncertain economic times.