Gold enters a new structural bull market after record rally, analysts say

Gold is seen moving into a new phase of a structural bull market, driven by sustained central bank buying aimed at diversifying reserves and reducing currency risk. Analysts also point to rising global debt, concerns over fiscal stability and recurring geopolitical tensions as factors reinforcing gold’s long-term store-of-value role. Although stronger U.S. data, higher bond yields and uncertainty over the Federal Reserve’s timing on rate cuts have weighed on prices in the short term, many expect an eventual shift toward easier monetary policy to support bullion.