RE:GOLD IS KING
Near term, what is relevant for investors is recent gold price rise to today from recent lows.
From a low of $1248 in April 2019 gold broke out of a six year low to gain of 53.9%, an average annual gain of 13.78% outstripping equity and money market market gains.
From a low of $1,642 on a pull back in October 2022 gold has risen over the last 7 months to16.9% today (up with record highs being seen over the last 3 years) for an annual gain of 28.9% far ahead of every other financial asset.
The rate of annual return has been accelerating and macro conditions are all indicatiing this will continue to new highs over the coming months with gold breaching $2,000 to new elevated levels that will be sustained.
View the 5, 10, and 25 year charts:
https://tradingeconomics.com/commodity/gold