Gold prices have maintained their upward trajectory for six consecutive months, finding firm support at the $4,000 per ounce threshold after a recent correction.
The metal’s resilience at this psychological level has reinforced the broader rally, keeping momentum intact despite periodic profit-taking.
Hungarian forint-based returns have reached approximately 18% over the past year, but the strength of the US dollar has eroded some of the potential gains for non-dollar holders.
For investors holding gold in local currencies, the picture is more nuanced.
Hungarian forint-based returns have reached approximately 18% over the past year, but the strength of the US dollar has eroded some of the potential gains for non-dollar holders.
The currency dynamic remains a critical variable: as the greenback strengthens, the local-currency upside for gold is partially offset, even as the dollar-denominated price climbs.
The rally has drawn scrutiny from institutional analysts.