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Dalio: Gold has replaced U.S. Treasuries as a risk-free asset

Recently, spot gold has continuously refreshed key levels. After falling nearly 2% to the $4,300 mark on October 18, in just one trading day, on October 20, spot gold regained all lost ground and set a new record high again, touching $4381.484 intraday, an increase of 2.46% on the day. What factors have contributed to the recent surge in gold prices? The traditional decline in real interest rates has been used to explain the rise in gold prices. October 18...

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2025-10-21 04:44:12
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