Safe-Haven Demand Surges! Gold Hits Record High as Asian Markets Tumble
TradingKey – Escalating risk aversion drives gold to new all-time highs, while Asian equities slide across the board.
On Tuesday, October 14, during the Asian midday session, safe-haven demand continued to intensify, pushing gold (XAUUSD) up 1.62% intraday to $4,176 per ounce — a fresh record high. Gold’s total market capitalization has now surpassed $28 trillion, securing its position as the top-ranked global asset by value.
Gold Price Chart – Source: TradingView
In stark contrast, Asian stock markets suffered broad declines:
- Nikkei 225 extended its losing streak, falling 3% to 46,833 points
- Hang Seng Index dropped over 1%, currently at 25,596 points
- KOSPI slipped nearly 1%, trading at 3,555 points
- Shanghai Composite Index edged down 0.3%, now at 3,894 points
The divergence between gold and equities underscores heightened investor caution amid global macro uncertainty. As capital flows shift toward defensive assets, regional markets may remain under pressure unless risk sentiment stabilizes.
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