The price of spot gold climbed $2500 per ounce to a new record high, by mid-August, 2024.
The Yellow metal has rallied 21.5% this year, and this is the best result in this time against Top 4 american indices - Dow Jones Industrial Avg (DJIA), SP500 (SPX), Small cap Russell2000 (RUT) and full of tech stocks Nasdaq-100 indices (NDX).
Gold jumped as much as 1.8% on Friday, as investors inflation expectations are still extremely high, and still there're no convincing sign that major Russia - Ukraine conflict as well as Israel - Arab conflict are near to be settled.
Even recent weakness in US labor market and new-home starts fall to the lowest level since 2020 give no power to Federal Reserve (US Central Bank) to cut an interest rate even to 1/4 per cent.
Last 2 years, a lot of banksters forecasted that Fed will cut interest rate.
In fact - it still didn't. Just blah-blah-blah and super-duper AI hype, which based on nothing.
In technical terms, spot Gold breaks its $2500 psychological high, ready to go further, up to 3k.
The Yellow metal has rallied 21.5% this year, and this is the best result in this time against Top 4 american indices - Dow Jones Industrial Avg (DJIA), SP500 (SPX), Small cap Russell2000 (RUT) and full of tech stocks Nasdaq-100 indices (NDX).
Gold jumped as much as 1.8% on Friday, as investors inflation expectations are still extremely high, and still there're no convincing sign that major Russia - Ukraine conflict as well as Israel - Arab conflict are near to be settled.
Even recent weakness in US labor market and new-home starts fall to the lowest level since 2020 give no power to Federal Reserve (US Central Bank) to cut an interest rate even to 1/4 per cent.
Last 2 years, a lot of banksters forecasted that Fed will cut interest rate.
In fact - it still didn't. Just blah-blah-blah and super-duper AI hype, which based on nothing.
In technical terms, spot Gold breaks its $2500 psychological high, ready to go further, up to 3k.
Trade active
August 21, 2024👉 Gold spot has continued to explored against the Greenback, printing new historical highs day after day (25th time in this year).
Trade active
August 23, 2024👉 Gold spot (XAUUSD) has climbed higher, following the epic $2500 mark breakthrough.
👉 Fed Chair Powell indicates interest rate cuts ahead: ‘The time has come for policy to adjust’.
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September 1, 2024👉 $2500+ per ounce has been printed, by the end of month (August, 2024).
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September 11, 2024👉 Gold spot remains super stable above $ 2500 milestone, while U.S. stock market (converted into yellow metal ounces) fizzles out of 15-years old bull run.
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September 12, 2024👉 Gold spot (XAUUSD) jumps higher up to $2550 per ounce, due to U.S. economy and U.S. dollar weakening.
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September 13, 2024👉 Golden bull run has been continued, following by fundamental interaction primarily observed as mutual attraction to time-tested safe heaven asset.
👉 $ 3 000 per Yellow metal ounce by 2025 comes closer to the investment radars.
Trade active
September 16, 2024👉 Value assets like Gold shine bright, amid Growth assets depression
👉 Gold spot (XAUUSD) recently has printed new all the time high near $2600 milestone.
👉 That was 30th ATH for Gold in this year.
Trade active
September 17, 2024👉 Gold spot has reached $ 2600 milestone, following "The Ever-Green" devaluation.
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September 24, 2024👉 Gold spot has climbed higher, above $ 2650 per ounce, continuing historically unprecedented rally of 9 straight months in a row.
👉 Since the so-called "Gold Standard" has been demolished in 1970s, this is the largest ever upside series of continuous monthly gains for Gold spot, against the major fiat currencies (USD, EUR, etc).
👉 Once again, this Golden sprint has no any analogues in history ever.
Trade active
October 18, 2024👉 Gold spot pop higher, above $ 2700 per ounce, since US dollar 14-Days straight gain paused.
Trade active
October 25, 2024👉 Gold price has surged higher, printing super-duper robust +33% return in 2024, the best one..... over past 45 years (since 1979). The 3rd result belongs to 2007 (nearly 31%).
👉 Large Speculators Net Long (COT Data) is at ultimate high also in this time.
Note
November 13, 2024👉 Gold spot
XAUUSD is back to 1-month support near $ 2600 per ounce, due to Trump-a-rally activity.👉 Nice opportunity to grab some everlasting yellow metal in to pockets, at discounted prices.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.