Historical all-time high for gold... what's next?
In July 2020, the gold market broke its 2011 historical record.
On Sunday evening, during the Asian trading session, the spot gold market hit a HISTORICAL all-time high, reaching above the $1,921.17 record set in 2011.
Needless to say that this morning, at the office, the entire GOLD AVENUE team was celebrating such a historical moment! 🎉 🎉
But now the celebration is over, what's next?
Looking back at the last time gold hit an all-time high, in 2007, it was the confirmation of a strong bull market announcing four years in a row of record-breaking trading days.
Will further stimulus and monetary debasement keep pushing gold to new heights? Or will gold be liquidated for interest-producing assets?
The question remains open.
You can follow the gold price on our chart page