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Gold Prices Soar: Bull Market Predicted by October 2024

10/29/2025

31 5 Full Breakdown

Summary

Story summary

Gold prices consolidate after surging above $4,000.
Improved trade relations and stronger equities support the consolidation.
A multi-decade cup-and-handle breakout completed in 2024 underpins a new secular bull phase for gold.
The bull phase is driven by falling real yields and geopolitical uncertainties.
A cycle-based trading model predicted a peak on October 21, 2024, confirming effective entry and exit strategies for investors.

History

Historical Context

The Gold Standard Act of 1900, signed by President William McKinley, established gold as the exclusive standard for U.S. currency, fixing its price at $20.67 per ounce. This act formalized a monetary system that had evolved since the 1870s, influencing global trade. The abandonment of the gold standard in 1971 marked a significant shift in economic policy, with gold now serving as a safe haven amid market volatility.

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Story summary

Gold prices consolidate after surging above $4,000.
Improved trade relations and stronger equities support the consolidation.
A multi-decade cup-and-handle breakout completed in 2024 underpins a new secular bull phase for gold.
The bull phase is driven by falling real yields and geopolitical uncertainties.
A cycle-based trading model predicted a peak on October 21, 2024, confirming effective entry and exit strategies for investors.

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