Gold has been on a parabolic run since last October, rising from near the $1,800 level to consecutive all-time highs – not once, not twice, but 37 times so far this year.
Yes, you read that correctly. That’s 37 all-time highs, so far in 2024.
On Tuesday, gold prices soared to a new all-time high of $2,758 per ounce, surpassing the previous all-time high of $2,749 per ounce for precious metals reached just a day earlier – squeezing gains from that point by as much as 53% enlarged. 12 months ago.
According to GSC Commodity Intelligence: “Gold’s record-breaking performance was nothing short of impressive. Never before in history have we seen the precious metal reach multiple consecutive record highs in such a short time.”
Gold enters ‘new era’ as prices soar to record highs for the 5th consecutive quarter
And this could be just the beginning!
If history is anything to go by, previous Gold Supercycles suggest this is just the beginning of a much bigger step forward.