ALL-TIME HIGHS FOR GOLD
The intra-day high for spot gold in 2024 is $2785 oz. That is an increase of 34% over its closing price of $2062 oz at the end of 2023. Indeed, gold holders are happy campers and their confidence and trust is emboldened and confirmed.
As the gold price continued to climb throughout the year, the financial media, particularly in the gold space, has treated us to a barrage of headlines regarding “new, all-time highs” for the yellow metal.
In truth, the all-time high for the gold price was set in 1980; and, it has never exceeded that price point since 1980.