Gold prices have rallied 175% in U.S. dollar terms over the last three years. The precious metal now holds around $5,000 per troy ounce.
This current rally cycle shows distinct characteristics. Central banks, exchange-traded fund (ETF) investors, and geopolitical risks are driving the increased demand.
Gold is known as the world’s oldest form of money. No government can control its value, print it, or unilaterally decide its worth.