• October 13, 2021

How to beat the new gold price spike

The latest gold price rally could see the market crash after a major spike.

The price of gold hit an all-time high on Monday morning.

The average price of an ounce of gold rose to $1,832.17.

The benchmark US$1,900 index, which is the US dollar’s benchmark for buying gold, has been hovering around $1k for several weeks now.

The rally comes as the US central bank has been signalling its intention to pump $1.5tn into the market to counter a slowdown in the global economy and the threat of inflation.

The Fed’s decision to start printing money in November sparked gold’s rally, which has now topped $1m a coin.

But now the price of the precious metal has started to fall.

The Dow Jones Industrial Average has been down 0.3% and the S&P 500 index is down 0