Spot price reaches 4,000 USD ATH
Gold is showing really steong momentum. Meanwhile we have reached a Spot Price above 4,000 USD and no end in sight.
But we see not only shortterm parabolics, also on the 10Y Chart Gold looks like a rocket starting. It seems the 5,000 USD, long time a kind of fairy tale, is now a valid price target. Even for midterm.
I have not expected that big of a rallye to come, but as uncertainty is rising in a transforming world (AI, Cryptocurrencies, World Powers wrestling, Inflation, Dollar declining as world reserve currency) investors search for safe haven. Gold is the classic one.
When do you expect 5,000 USD Gold? 2025, 2026 or will the rallye end soon?