Gold’s New Price Record Is A Warning

Gold broke out to a new all-time high in early March 2024. As the U.S. dollar comes under pressure, investors are buying gold, realizing that the Fed will likely begin cutting rates soon. 

Alex believes that if the U.S. Dollar Index drops below 100, gold will continue its rally to yet another all-time high. In 2011, the U.S. Dollar Index traded in the mid-70s, when gold hit its then all-time high around $1,900 an ounce. Today, gold sits around $2,160 an ounce and the US dollar Index is slightly above 102… 

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