Last week the gold prices rose to a new record of $ 3.005 per ounce, and surpassed the previous all time of the precious metal of $ 2,989 per ounce, only reached a day earlier.
The yellow metal has now increased by 14% since the beginning of this year. But even more remarkable, the gold prices have now received a profit of more than 50% of this time a year ago.
Gold’s record -breaking run, because President Trump’s inauguration was downright impressive. Never before in history we have seen the Precious Metal Score multiple record highs in such a short time.
As the gold prices remain their unstoppable run, the new record heights for a sixth consecutive quarter in driving analysts at GSC Commodity Intelligence are convinced that this is only the start of a “new historical supercycle for gold”.
The big question now is: how high will gold prices go this year?
Only the time will tell, but one thing we know for sure is that the stars seem to be aligned with gold, which ultimately suggests that it doesn’t take much before the prices break new record highs in the coming weeks, if not days ahead!