Gold has just topped the $4,000/oz level for the first time ever, cementing its status as the year’s best-performing asset and most intriguing story in global commodities, not to mention the most important themes across broader financial markets.

Global markets remain stagnant as weak growth, sticky inflation, and cautious central banks keep the economy in a holding pattern — signaling that the post-pandemic recovery has settled into an uneasy status quo.

Joining Broadcom and Nvidia, AMD is the latest major chip supplier to strike a multibillion-dollar deal with artificial intelligence pioneer OpenAI.