Gold has been on a parabolic run since October last year, rallying from near the $1,800 level to score consecutive back-to-back all-time record highs – not once, not twice, but on 37 separate occasions, so far this year.
Yes, you read that correctly. That’s 37 all-time record highs, so far in 2024.
On Tuesday, Gold prices skyrocketed to a new all-time record high of $2,758 an ounce, surpassing the precious metals previous all-time high of $2,749 an ounce reached only a day earlier – extending its gains by an impressive 53%, from this time 12-months ago.
According to GSC Commodity Intelligence – “Gold’s record-breaking run has been nothing short of impressive. Never before in history have we seen the precious metal score multiple back-to-back all-time record highs in such a short space of time”.
Gold Enters ‘New Era’ as Prices Soar to Record Highs for 5th Consecutive Quarter
And this could just the beginning!
If history is anything to go by, then previous Gold Supercycles suggest this is only just the start of a much bigger move ahead.
