GOLD SHATTERS THE $5,000/oz MILESTONE – DOES THE WAVE STRUCTURE OPEN THE DOOR TO $5,500?
Gold has officially climbed above the key $5,000/oz level for the first time in early-week trading, marking a new historic milestone for the precious metals market. The rally is staying strong as safe-haven money continues to lead the market, driven by geopolitical tensions, a loss of confidence in U.S. assets, and a more relaxed global money policy environment.