gold daily
Gold continues to impress investors, with a $8 rise today to $2743 after briefly dipping to $2717 earlier. This upward trend indicates a strong likelihood of breaking the weekly closing record of $2719 set just a week ago.
The precious metal has been setting new records consistently, reaching an all-time high of $2758 on Wednesday before experiencing some profit taking activities.
In a recent interview with Kitco News, insights were shared regarding the various factors fueling the rally in gold prices. While the upcoming election is a major concern, with both candidates expected to disrupt trade relations, the recent BRICS summit underlines a global shift towards non-traditional trade partnerships.
The Impact of Intellectual Property on the US Dollar
One interesting point raised in the interview was the potential long-term threat to the US dollar posed by the intellectual property system, especially in a future where artificial intelligence (AI) drives innovation. With an expanded BRICS alliance potentially disregarding patents, the US could face challenges and possible retaliatory measures.
While this scenario may not be an immediate concern, it highlights a looming possibility that could disrupt global financial dynamics in the coming decade.
Additional insight: The mention of AI and intellectual property raises concerns about the future landscape of innovation and trade agreements, hinting at potential geopolitical shifts that could impact not just the US dollar, but the broader global economy as well. It underscores the importance of staying abreast of technological advancements and their implications for financial markets.
