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Gold Surges 43% Since January 2024
Last week, Gold prices skyrocketing to a new all-time record high of $2,942 an ounce, surpassing the precious metals previous all-time high of $2,921 an ounce reached only a day earlier.
The yellow metal is now up over 12% since the beginning of this year. But even more remarkably, Gold prices have now chalked up a whopping gain of almost 43% since January 2024 when the metal was trading at $2,065 an ounce mark.
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 we are still in the early stages of a “new historic Supercycle for Gold”.
In a note to clients, analysts at GSC Commodity Intelligence wrote “Gold is not just making new highs in 2025, but it’s really breaking out. That’s a tell-tale sign that this rally is just getting started”.
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!
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