Top commodity expert warns Gold rally is over

Starting in early 2022, Gold has enjoyed an essentially unprecedented rally, rising 161% to its March 3 press time price of $5,151 per ounce. Such a staggering rise has been, according to numerous experts, largely driven by high geopolitical instability that came into sharp focus with the 2022 Russian invasion of Ukraine. Gold price 5-year chart. Source: TradingView The bull run, however, is likely at an end with the precious metal’s latest high prices likely representing multi-year peaks, according to a recent X post and analysis by Mike McGlone, Bloomberg’s chief commodity analyst source: https://finbold.com/top-commodity-expert-warns-gold-rally-is-over/