Will Gold Continue Surging Higher?
#254 An update on Gold Spot (GLD) - Navigating Price and Timing in a Bull Market
Introduction
When I issued my Fiorente2 Annual Publication in December 2024, I could not have imagined Gold surpassing the $3,100 price level in 2025. Based on the 8-year time cycle, I anticipated a high as late as December 2025, which may still be the case, albeit at a potentially different price level.
Recently, many analysts worldwide issued new price targets for Gold, and surpassing the $3,100 level brought me back to the drawing table to re-analyze the possible price and time targets for Gold if the bullish trend continues.
The recent surge to new all-time highs in gold can be primarily attributed to investors seeking a safe haven amid intensified discussions about tariffs between the US and its trading partners. Investors dislike the uncertainty surrounding economic policies and the potential for recessions in the coming months.
With gold at new all-time highs, virtually no resistance remains as a reference for where it may be surging. What lies ahead? How far can the price of gold go over time? Gold may be approaching important price and time inflection points worth monitoring…