Gold continued its blistering upward momentum on Thursday (November 13), igniting debate among global investors about whether the precious metal could be headed toward the long-discussed $5,000 per ounce mark. Both domestic and international markets reflected strong appetite for safe-haven assets as expectations of US interest rate cuts, central bank accumulation, and geopolitical risks kept bullion demand elevated. Advertisement

In India, gold prices hit Rs 1.27 lakh per 10 grams, climbing Rs 2,290 in just a day. Globally, spot gold rose 0.4% to $4,214.52/oz, while US December futures edged up to $4,218.20/oz, the highest since October 21.

Analysts attribute the surge to a combination of macro forces. “Gold is extending its winning streak driven by a weaker dollar, expectations of Fede

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