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.
