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Gold Price Movements and the Significance of the $2760 Threshold

Eric Lui 0

Gold has been notably active this year, reaching new highs on 43 separate occasions and rising as high as $2790.3 in October. However, it closed the month below the $2760 threshold, settling at $2743.6. The $2760 level holds particular significance: if the Consumer Price Index (CPI)-adjusted, or “real,” gold price closes above this threshold by the end of a month, it would surpass the inflation-adjusted peak of $681.5 from the early 1980s, thereby establishing a new all-time high in real terms.


In other words, while nominal prices have set records, gold has yet to break its all-time high in inflation-adjusted terms. Many expect it is only a matter of time before gold ultimately reaches this real-term high; however, investors should anticipate substantial volatility as the metal approaches and potentially surpasses this key level.

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