100% Certainty! Gold Is About to 'Shatter' All Records & Expectations - Mario Innecco

Gold prices notched a new record on Monday for a second day in a row — with spot prices touching 2,100 dollars as the global rush for bullion appears set to continue. Gold gains momentum as markets continue to price in a potential interest rate cut as early as March. According to the CME FedWatch Tool, markets are now pricing in more than 50% odds of a rate cut in the first quarter of 2024.
Famous Analyst Mario Innecco perceives a breakout in gold, referencing a pattern emerging since 2020 reminiscent of one from 2011, resembling a teacup. This potential breakout is attributed to central banks,

especially the Fed, tightening policies after a prolonged period of historically low-interest rates and quantitative easing. This unexpected tightening, alongside rising CPI (Consumer Price Index) — sometimes misconstrued as inflation — and geopolitical tensions, led to gold prices stalling below 2000 dollars, hovering around 1800 dollars. Gold prices have risen for two consecutive months, buoyed by the Israel-Palestinian conflict boosting demand for this safe-haven asset. Expectations of interest rate cuts have further supported its value. Gold typically performs well during economic and geopolitical uncertainty periods due to its reliability as a store of value.

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Credit: Maneco64
The Dollar & the Euro Sink to New Lows Against Gold

#gold #goldpriceprediction #marioinecco

[sickntired]

Those all-time-highs last for about a half an hour on a Sunday night.

[kamillederoo]

The game is rigged everytime gold is skyrocketing they Smash it down!

[Terry-ioji]

The world is run by gangsters, for gangsters….