混吃等死😄🇲🇾🇸🇬 :
Gold could still have further upside because of what is happening in the oil market and the ongoing war.
When governments spend more money on the war and energy security, more money flows into oil, fuel, transportation, defence and related industries. If oil prices remain high, this can increase the cost of goods and services and create additional inflationary pressure.
Historically, gold can benefit from this type of environment because investors often use gold as a hedge against inflation, currency weakness and geopolitical uncertainty. At the same time, central banks may continue increasing their gold reserves as they look for assets that are not directly dependent on any single currency or government.
This is why I personally see a difference between physical gold and paper gold right now. Physical gold has buying and selling spreads, storage issues and, depending on where you buy or sell it, potentially large premiums or discounts. Paper gold gives more direct exposure to the gold price and makes it easier to enter or exit a position.
However, I don't think gold is guaranteed to go up. If higher oil prices cause inflation to rise significantly, central banks could keep interest rates higher for longer, which could temporarily pressure gold.
So my view isn't simply "war means gold goes up." It's that war → higher energy spending/oil demand → inflationary pressure and economic uncertainty → greater demand for safe-haven assets such as gold, while interest rates remain the key factor that could work against gold.
For that reason, I would rather build a paper-gold position gradually instead of putting all my money in at once.
2026-08-30 06:15:20