This morning, gold officially broke its previous all-time high and set a new all-time high at $4385/ounce – marking another new all-time high and showing no signs of stopping.
The reason for this surge is believed to be the renewed political tensions in the Middle East, as the Israeli president plans to report to Donald Trump on Iran’s potential attack plans, given Iran’s ongoing missile drills, which Israel considers a possible attack on Israel.
In addition, tensions between the US and Venezuela risk escalating to military conflict in 2026.
These current factors, from geopolitical issues to the weakening US economy, are powerful catalysts for a ‘super bullish’ scenario in gold prices, potentially reaching the $4500-$4700/ounce range soon.
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