Gold price targets: $3,275 in 2025, $3,800 in 2026, $4,400 in 2027, $5,150 by 2030. Bullish thesis invalidates below $1,770 for 3 consecutive months. Gold started setting new all-time highs in global currencies early 2024
Gold wasn't used as money until around 550 BCE. Romans began issuing gold coins in 50 BCE. Emperor Augustus set gold value at 40-42 coins per pound. Constantine's reign saw gold value drop to 72 coins per pound
Gold reached record high of $2715 per ounce in 2024. Market gained over 30% in 2024 due to geopolitical concerns. Gold prices have risen significantly since 2022
US dollar strength and inflation will significantly impact gold prices in 2025. US presidential election could significantly affect gold's global outlook. Geopolitical tensions in Ukraine and Gaza pose potential risks. Central bank buying from China and other countries supports gold. Asian retail investor demand drove gold's 2024 price rise
First fixed in 1919 by five major gold traders at £4.9375 per troy ounce. Currently conducted twice daily at 10:30AM and 3:00PM in USD. 14 participating banks are market makers setting gold prices. Since 2004, fixed via dedicated telephone system
Gold is a valuable precious metal used in jewelry and electronics. Price influenced by inflation, interest rates, and US dollar strength. Gold serves as safe haven during economic downturns