$2,500 Gold – Buy? Sell? Hold?  What should I do??Gold is in the process of establishing a new base at $2,500.  Much as when gold fought to establish a base earlier this year at $2,000, and traded above and below for a period, we now see the same thing at $2,500.  If I am an investor, what should I do?  Let us take a look at the charts first:1 Year ChartAbove is the 1-year chart of gold (gold-color line and price of gold on the right side) and the S&P (black line and price on the left side).  I drew the blue line from start of the period to today.  As you can see, gold...

Despite rallying 29% year-to-date and 47% since 2022, gold continues to reach new all-time highs, hitting $2,685 per troy ounce on Thursday. Goldman Sachs' Precious Metals analysts have revised their gold price forecast, increasing it from $2,700 to $2,900 per ounce for early 2025. This update is based on two main factors: First, Goldman’s economists anticipate a faster decline in short-term interest rates in both the West and China. They recently highlighted that the gold market hasn’t fully priced in the positive impact of these rate cuts on Western ETF holdings backed by physical gold, which tends to occur gradually. Second, their updated nowcast shows that emerging market central bank purchases in the London over-the-counter (OTC) market continue to...