Last week, Gold prices skyrocketed to a new all-time record high of $3,005 an ounce, surpassing the precious metal’s previous all-time high of $2,989 an ounce, reached only a day earlier.
The yellow metal is now up 14% since the beginning of this year. But even more remarkably, Gold prices have now chalked up a whopping gain of more than 50% from this time a year ago.
Gold’s record-breaking run, since President Trump’s inauguration has been nothing short of impressive. Never before in history have we seen the precious metal score multiple all-time record highs in such a short space of time.
As Gold prices continue their unstoppable run higher, scaling new all-time record highs for a sixth consecutive quarter in a row – analysts at GSC Commodity Intelligence are convinced that this is just the beginning of a “new historic Supercycle for Gold”.
The big question now is: How High Will Gold Prices Go This Year?
Only time will tell, however one thing we do know for certain is that the stars appear to be aligning for Gold, which ultimately suggests it won’t take much for prices to break new record highs in the coming weeks, if not days ahead!