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🌟 Gold's Meteoric Rise: Dethroning Tech Titans as Wall Street’s Hottest Trade
Buckle up for a deep dive into the explosive surge of precious metals, with gold stealing the crown as Wall Street’s most crowded trade, outshining the "Magnificent Seven" tech giants like Nvidia, Microsoft, and Amazon. According to the latest Bank of America fund manager survey, nearly half of investors are betting big on gold’s rise amid volatile markets, tariff fears, and economic uncertainty, marking the first time in two years that tech stocks have been dethroned. We’ll unpack why gold is hitting record highs, explore its role as a hedge against the fiat money system alongside cryptocurrencies like Bitcoin—often called "digital gold"—and discuss what this seismic shift means for markets over the next two to three years.
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