Will The New BRICS Forex Supercharge Gold Costs?…

Gold has been on a parabolic run since October final 12 months, rallying from close to the $1,800 degree to attain consecutive back-to-back all-time document highs – not as soon as, not twice, however on 37 separate events, to date this 12 months.

Sure, you learn that accurately. That’s 37 all-time document highs, to date in 2024.

On Tuesday, Gold costs skyrocketed to a brand new all-time document excessive of $2,758 an oz., surpassing the valuable metals earlier all-time excessive of $2,749 an oz. reached solely a day earlier – extending its positive aspects by a powerful 53%, from this time 12-months in the past.

In response to GSC Commodity Intelligence – “Gold’s record-breaking run has been nothing wanting spectacular. By no means earlier than in historical past have we seen the valuable metallic rating a number of back-to-back all-time document highs in such a brief house of time”.

Gold Enters ‘New Period’ as Costs Soar to Document Highs for fifth Consecutive Quarter

And this might only the start!

If historical past is something to go by, then earlier Gold Supercycles recommend that is solely simply the beginning of a a lot greater transfer forward.