24K99News According to the well-known financial website Finbold, on Sunday (September 22), as the price of gold explosively soared to a record high, a analyst warned that market participants should carefully monitor this trend, as it may be a signal of an 'black swan event' in the economy.

(Screenshot source: Finbold)

The price of gold has risen to a historic high, breaking through the $2600 per ounce mark for the first time, partly due to the Fed's rate cut and geopolitical tensions in the Middle East.

The Fed's 50 basis points rate cut last Wednesday and the launch of a monetary easing cycle have boosted the investment appeal of non-interest-bearing gold. This is because investors are also seeking to hedge the uncertainty caused by long-term conflicts in the Middle East and other regions.

Spot gold soared $42.23 at last week's close, up 1.64%, to $2620.91 per ounce.

The price of gold reached a high of $2625.81 per ounce last Friday, setting a new record high.

An analyst known as 'Cryptoinsightsuk' pointed out in an article on September 22nd that with the intense volatility in gold prices, people are worried that the price trajectory is an early warning signal.

According to this analyst, the trend of gold may prepare the economy for major events - potential economic recession, debt crisis, and even the collapse of other asset classes such as cryptocurrencies.

The expert observed that gold has never had such a performance in the past 20 years, and the rapid rise in gold prices has raised questions about what the catalyst might be.

Cryptoinsightsuk wrote, 'Is there a hidden concern here? I'm not sure what it is, but could this be the spark that leads to potential selling of cryptocurrencies? Gold hasn't seen such a performance in over 20 years.'

(Gold price trend chart Source: TradingView)

There is also an interesting intersection with the cryptocurrency market, as experts point out that capital has been expected to shift from gold to more liquid assets such as cryptocurrencies.

However, if the rise in gold prices signals a 'black swan event,' it could trigger investors to sell off riskier assets as they seek safer havens.

This expert's analysis indicates that while the price of gold has been steadily rising in recent years, the recent trend is particularly notable. Historically, such aggressive price movements have been accompanied by significant uncertainty or market turmoil. It is worth mentioning that gold has been a safe haven during economic turmoil for decades.

The impact of the Federal Reserve rate cut.

With the recent 50 basis point rate cut by the Federal Reserve, some speculate that potential economic fragility may be at play. Historically, such rate cuts have been aimed at stimulating a slowing economy or preventing an economic downturn.

For example, several economists have warned that despite the Federal Reserve's measures to stabilize the economy, it may be too late to prevent an economic downturn, with some warning that a recession may already be underway.

Meanwhile, economist Peter Schiff pointed out in an article on September 20 that with the rise in gold prices, investors should expect further increases and cautioned that the economy may continue to slow.

Schiff linked the surge in gold prices to broader economic factors, mentioning the growing national debt, concerns about inflation, and the Federal Reserve's decision to cut interest rates despite inflation levels already exceeding the 2% target.

Schiff believes that as inflation rises, investors may increasingly turn to gold for value preservation, and added that these circumstances could drive a historic increase in gold prices.

(Screenshot source: X)

From the current situation, the gold price is well maintained at $2500 per ounce.ResistanceResistance.

Analysts at Bank of America expect that the rebound in gold still has further room for extension, and the gold price may peak at a target of $3000 per ounce.