Gold prices have risen ~5% since December 20 and have broken above the descending triangle. This means gold prices might be heading further up and should be expected to hit another all-time record in a few weeks.
Since January 2024, Gold has rallied 30%, beating the S&P 500 gain of 25%.
Over the last 3 years, it has returned 48% versus the S&P 500 gain of 28%.
What are the main drivers behind gold gains? What are the long-term perspectives? Read the below piece to find out:
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