There has been a relentless rise in gold prices over the last three years. From a bottom of around $1640 in October 2022 to $4000/oz today, Gold has delivered a 35% CAGR over the last three years.
Most analysts remain oblivious of the underlying causes and attribute the move in gold prices to economic uncertainty, geopolitics, Fed rate cuts, higher price inflation, Trump’s tariffs, and other secondary factors. However, the Numero Uno factor is the return of Gold to the centre of the world’s monetary system, and these are very early days as part of that transition. I would not be entirely surprised by an addition of “0” to the current gold…
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