Gold has been on a remarkable rise, with Goldman Sachs now forecasting a climb to US$2,900 per ounce by early 2025. This bullish outlook is driven by several factors: a dovish U.S. Federal Reserve, inflation concerns, and geopolitical uncertainty, all of which continue to push investors toward safe-haven assets like gold.

Recently, gold hit record highs, with a bar of bullion surpassing US$1 million for the first time. Over the past 12 months, gold prices have risen by over 25%. In the last five years, its value has surged by 65%, and over the last two decades, gold has soared by more than 544%, solidifying its reputation as one of the most dependable defensive assets.

With such strong historical performance and a positive forecast, gold could remain an essential part of wealth preservation strategies.

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