Gold has been on a parabolic run since October 2023, rallying from near the $1,800 level to score consecutive back-to-back all-time record highs – not once, not twice, but on 39 separate occasions in 2024.
Gold’s record-breaking run 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.
And this could just the beginning!
Commodities Shine Amid Uncertainty as Trump Prepares Return to White House
As President-elect Donald Trump prepares to return to the White House on Monday – traders will be on edge for any insights into his protectionist “America First” policies including universal tariffs, increased government borrowing, massive tax cuts and aggressive global trade wars.
All of which are expected to stoke inflation and strengthened Gold’s position as an inflation hedge. Whichever way you look at it, one thing is clear. The case for Commodities in a well-diversified portfolio has never been more obvious than it is right now!