2024-05-30 14:55:00 ET
Summary
- The price of gold has surged since February 2024, up about 16% over the past three months.
- A three-month rally does not necessarily presage continued increases, nor does it justify by itself a long-run investment strategy.
- In recent times, the 2021-22 acceleration of inflation coincided with roughly flat gold prices.
The price of gold has surged since February 2024, up about 16% over the past three months. But a three-month rally does not necessarily presage continued increases, nor does it justify by itself a long-run investment strategy. That said, the rally isn’t necessarily over. In the past, gold has sometimes risen for long periods. In short, we don’t really know the future price of gold. At least I don’t, and I’m suspicious of those of claim certainty on the subject....
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For further details see:
The Gold Rally Of 2024: Sanctions Make Forecasts Hard