The gold price continues to climb, moving closer to its all-time high of $2956 set on February 24. Following the recent US Consumer Price Index (CPI) report, which showed stronger inflationary pressures, gold broke through critical resistance levels at $2926 and $2930. Investors flock to gold as a safe haven. The growing uncertainty in the markets has fueled this rise, as market participants seek refuge in precious metals amidst fluctuating economic conditions.

Traders closely monitor geopolitical tensions and inflationary trends. The recent CPI data has intensified discussions about the Federal Reserve’s policies. As analysts predict further fluctuations, the gold market remains a focal point for investors looking to hedge against economic downturns. The demand for gold as a safe haven continues to rise, suggesting that this trend may persist, pushing prices even higher in the coming days.