Gold Prices Extend Gains Following Previous Record High

Swissquote Bank’s Ipek Ozkardeskaya reports over 50 gold price records this year, with fundamentals supporting sustained gains and a strong medium- to long-term outlook.

Summary

Gold prices advanced further after achieving a historic high in the prior session. Swissquote Bank analyst Ipek Ozkardeskaya stated that gold has broken records over 50 times in 2024, with core bullish factors remaining intact. She maintains an optimistic forecast for gold’s performance over the medium and long term.

Terms & Concepts
  • Record High: The highest price level ever reached by an asset in trading history.
  • Medium- to Long-Term Outlook: An assessment of expected market trends over months to years based on sustained drivers.