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Gold’s Historic Streak: 8 Weeks Up, 4 Weeks of Records

Goldfutures continue their remarkable winning streak, marking their eighth consecutive week of rising prices. During this run, gold has broken its all-time high record four weeks in a row, reaching levels never seen before.

According to analyst Bob Iaccino, two main factors are driving this historic rally: a weaker U.S. dollar, which typically boosts gold prices, and increased safe-haven buying as investors look to protect their wealth from market risks. This is gold’s strongest performance since August 2020, highlighting growing investor confidence in the precious metal as a safe store of value.

Original Source: CME Group

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Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments, including precious metals, involve risk and may result in partial or total loss. No conclusion of any type or kind should be drawn regarding the future performance of investments offered or managed by us based upon the information presented herein. Performance information presented has been prepared internally (unless otherwise noted) and has not been audited or verified by a third party. Information on this page is based on information available to us as of the date of posting and we do not represent that it is accurate, complete or up to date. See our complete disclaimers for additional details.

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Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments, including precious metals, involve risk and may result in partial or total loss. No conclusion of any type or kind should be drawn regarding the future performance of investments offered or managed by us based upon the information presented herein. Performance information presented has been prepared internally (unless otherwise noted) and has not been audited or verified by a third party. Information on this page is based on information available to us as of the date of posting and we do not represent that it is accurate, complete or up to date. See our complete disclaimers for additional details.

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