Is it possible for the price of gold to hit record highs later this year? The answer is yes. And it has nothing to do with whether gold is a "store of value" but with stock market volatility this time. As we all know, gold has been a reliable investment since ancient times, especially during large volatility in the stock market.Michael A. Gayed, a well-known Wall Street analyst, pointed out in a tweet on August 18th that "if I'm right about the credit event, gold will indeed hit new highs. Looking back at the first 20 drawdowns in the S&P 500 since 1961, gold did act as an imperfect hedge, considered as a safe-haven trade."The main fundamentals affecting gold prices in the short to medium term are real yields and the U.S. dollar. In the past two years, real yields have been holding gol

The last 50 years, we have seen gold, commodities, and inflation numbers move in cycles and in tandem together.Though gold has picked up in recent years, make no mistake, the cycle between them is still intact.If gold is leading the way, the rest should catch up subsequently.Gold will likely remain high because of the easy money policy over the decades or the creation of off-balance debt. $Gold - main 2308(GCmain)$ $Gold - Aug 2023(GC2308)$ $E-Micro Gold - Aug 2023(MGC2308)$ $Invesco DB Commodity Index Tracking Fund(DBC)$ Based on past cycle performance, commodities may come into alignment with gold, meaning