Fresh ATH
Gold price is climbing higher and higher and getting very close to the big round mark of $3000 per ounce. We made a new ATH this morning above $2900, which is less than 4% away from the magic 3k.
Two main drivers
One driver these days is the safe haven narrative of the yellow metal, which is certainly a point in the face of escalating tarifs worldwide, that hinder free trade. Another point is most probably that chinese insurance companies are allowed now to buy Gold, a potentially big wave of fresh capital worth billions.
Are we seeing the $3000 soon?
My fellow Hiver @geneeverett was sceptical that Gold goes much higher this year but it looks very bullish at the moment. We are up +10% already YTD. I am undecided, but if the momentum continues, Gold might be up for an upwards surprise.
I called $3050 as Kiley high. Definitely believes it was going higher 😄
But definitely might of been 2 low 😄
I discuss also on my most recent post. Swing by
https://peakd.com/hive-167922/@geneeverett/2-10-25-monday-morning-new-week-market-vlog
Yes remember you said „Not much higher than 3k“, Gene. So far so good. 😉🙌🏻
I was 2 low! I’d change it to $3333 if I could!
😅🤷🏼♂️ Don‘t worry too much.
A friend of mine traded Gold. She sold and she lost. She could have bought instead