Gold has broken $2,000 per Oz

Gold has crossed record psychological number of $2,000 per ounce on 27th Oct 2023. The recent war like situation in Middle East, and possibility of this war escalating has driven up the Gold prices to this record levels.

What is even more important, is that Gold has risen to these record levels, when US dollar is strong. Yes US dollar index is still at high levels, with USD index at a high level of 106, highest this year as money is getting out of riskier stocks and bonds, and getting into cash.

Just imagine, when Gold can do so well, even with a high US dollar index, what will happen when even USD index drops below 100. Gold will go ballistic and go all the way to $2,500 per ounce. 

Those who have been ignoring Gold, still have a chance to buy now as Gold will go even higher from current levels.

Gold dropped below $2,000

Gold which raised to $2,000 an oz, in February this year and stayed at above those levels since then has recently again dropped below $2,000 in past week.

This presents a wonderful chance to accumulate gold. 

Gold has crossed $1,900 Oz

Gold has quietly crossed $1,900 an oz, since the current year 2023 has started. Now Gold is very close to its all time high of $2,050 reached in March, last year immediately post Russia's war with Ukraine started. However last year's was a knee jerk reaction, but this year seems to be a more sustainable rally for Gold. 

In global currencies, outside US dollar, Gold has already sustainably crossed all time highs quietly.