Gold Price in USD: Major Breakout To New All-Time Highs
“Gold has definitively broken out of the range it‘s been stuck in since the start of this decade, reaching a record $2,195 per troy ounce this month. While a surge of buying from China is likely behind the recent rally, some of the more conventional factors that typically propel the yellow metal are starting to fall into line. Fresh records beckon.“ (Source: “Gold’s Record-Setting Pace Is Exuberantly Rational: The economic backdrop is increasingly favorable for the yellow metal to achieve fresh highs“, Bloomberg on March 14, 2024)
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