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Precious metals are issuing a strong macro alert ⚠️
Gold just hit a new high, reaching around $4,640. More notably, it has outperformed the S&P 500 for six consecutive months—such a performance has not been seen since the global financial crisis.
Silver's performance is equally remarkable. It broke through the $90 mark for the first time, and its market capitalization also surpassed $5 trillion. What do these figures indicate? When precious metals continue to outperform traditional stock indices, it usually suggests that the market is re-pricing risk. Investors are actively betting on safe-haven assets, which often serve as a leading indicator of a market trend reversal.