Gold has reached a fresh record high, trading just shy of $2,990 per ounce. This surge follows modest US inflation numbers, suggesting the possibility of the Federal Reserve easing monetary policy.

Experts from ING highlight that current economic trends support a favorable environment for gold. As investors navigate turbulent markets, many turn to gold as a safe haven. The increasing inflation concerns make this trend particularly relevant.

The outlook for gold remains compelling as market forces continue to shape investor behavior. Traders should keep a close watch on subsequent market adjustments.