Gold Hits New All-Time Highs

November 02, 2023

by Dave Russell GoldCore

The big news in gold is two-fold right now; gold hit new all-time highs in several currencies and central bank demand for physical gold remains strong hitting a year-to date record in Q3 this year.

Gold at $2,000?

So whilst the headlines were all about dollar-denominated gold showing us that it’s still destined for levels north of $2,000 the real news is about other currencies and gold. Ahead of yesterday’s FOMC announcement the price of the yellow metal hit new all time highs in pretty much most of the major non-dollar currencies. This includes the Euro, British Pound, Chinese Yuan and Japanese Yen.