Gold Is Hitting All-Time Highs

On Monday, gold hit a new high, reaching around $1,944 an ounce. Gold’s last record high was set back in September 2011. The precious metal is expected to continue soaring for the rest of the year, which means it might be time for your consideration. Gold Is Hitting All-Time Highs On Monday, gold hit a new high, reaching around $1,944 an ounce. Gold’s last record high was set back in September 2011. The precious metal is expected to continue soaring for the rest of the year, which means it might be time for your consideration. [Wealth Daily logo] Gold Is Hitting All-Time Highs [Monica Savaglia Photo] By [Monica Savaglia]( Written Jul 28, 2020 It looks like gold has been hitting highs as of late. Early Monday, it hit a record high, reaching $1,944 an ounce. The previous record was set back in September 2011. So it’s been a while since gold has seen this kind of surge. So far this year, the precious metal has been up 27%. Let’s talk a little bit about what’s been going on and some factors that have contributed to gold’s surge. I don’t need to tell you that 2020 has been filled with uncertainty. It’s been a heavy year, with a lot of issues being thrown at us. I’m talking every day; something new comes up while we’re still dealing with the other issues. Amid growing uncertainties and mounting issues, investors are grasping for safety, somewhere to put their money as the future gets bleaker. It appears the coronavirus isn’t going away anytime soon, so it’s time to make smart moves to ensure that you’re ready for those bleaker times. The #1 Way to Build Generational Wealth in America? Wall Street insiders do NOT want you peeking at this footage... Why? It exposes a little-known “blueprint” that’s quietly helped regular Americans extract million-dollar fortunes from the market… WITHOUT touching any risky options, ETFs, cryptos, or futures. [See it for yourself here]( before we’re forced to pull it from the web. Gold has been seen as a safety measure, especially when times are tough. Stephen Innes, a chief global markets strategist at AxiCrop, noted: Gold is the clear beneficiary of safe-haven demand. Can you blame investors for wanting safer assets right now? Joshua Rotbart, a managing partner at precious metals dealer J. Rotbart & Co., has predicted that gold will go beyond the $2,000 mark by the end of the year. He said in a recent interview: Investors are nervous, they are afraid. There’s a fear factor, and they are rushing to gold. A lot has happened in the U.S. this year to contribute to these fears. There was the start of the coronavirus pandemic that brought most of the country to a halt for about three months. Then, around the end of June, when the U.S. started to reopen, it quickly began to see coronavirus cases and deaths pick back up. Some states are seeing cases surge even higher than what was seen at the beginning of the pandemic. This uptick in cases indicates that maybe the U.S. didn’t have total control over this virus after all. On top of dealing with a pandemic, tensions between the U.S. and China picked back up. U.S. Secretary of State Mike Pompeo criticized China in a speech on Thursday, indicating that Washington will no longer tolerate Beijing’s attempts at global control. These tensions have only deepened, with both countries closing consulates. Then, there are still people in the U.S. who are jobless — 30 million or more — and that number will most likely continue to grow as long as the coronavirus ravages the country. The mandate that added an extra $600 to unemployment benefits ended last week and most likely won’t be renewed in this next stimulus package, which could reduce any kind of additional spending, further slowing the economy. So while all these uncertainties continue to linger, gold seems more and more appealing to investors. Gold has always been a way of diversifying risk. That’s why gold is surging and analysts expect it to go even higher. Analysts at UBS, expect gold to reach at least $2,000 before the end of the year. That price point could be higher if the U.S. decides to move interest rates below zero. Announcing the End of Alcoholism, Depression, Opioid Addiction, and Diabetes Researchers have discovered a single molecule that could ERADICATE the deadliest chronic diseases with just one or two doses. The FDA has fast-tracked, turning this molecule into medicine for use by the public. Top investors estimate a total market of over $1.7 trillion and are piling into small companies doing this work. This molecule could spell the end of formerly deadly diseases. [Full story here.]( Naeem Aslam, a chief market analyst at Avatrade, said: Today it is all about gold prices and bulls are celebrating the fact that the gold price has hit an all-time high. The next big target is the 2,000 level and this can happen this week as we have the Federal Reserve’s meeting. The anticipation is that the Fed is going to send another dovish message and that is likely to bring more weakness in the gold price. Gold might not have been on your radar until today, and that’s okay. What’s important is now it is. If gold wasn't on your radar until recently, there's probably something else you haven’t heard about... a [$0.50 miner]( that just discovered America’s biggest gold mine. It's okay, not a lot of Americans are aware of this huge gold opportunity. There are about 6 million ounces of gold in this mine right now, which makes it the biggest one in America. This mine contains one of the highest grades of gold, and it is easy to extract, with minimal environmental impact. The miner has been able to keep a lot of the details of its [real gold find]( hidden from the public, but now [you can get](access to all those details. It’s time to take action on gold. Find out the name of this miner and how you could get started in gold. [Click here.]( Until next time, [Monica Savaglia Signature Park Avenue Digest] Monica Savaglia Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter [IPO Authority](, a one-stop resource for everything IPO. She also contributes regularly to the [Wealth Daily]( e-letter. To learn more about Monica, [click here](. How to Grab Your Cut of the $270 billion Payout A decades old law… a president out for blood… a trade war on an international scale… and 28,000% profits on the horizon… Political tension has never been higher as we come up on a new election. An unprecedented economic upheaval is imminent. But these conflicts could make you filthy, stinking rich. And I’m not talking about opportunities in marijuana, or oil, or any of the other hot topics around the dinner table lately. I’ve uncovered five different opportunities for you to make it big, and I’m ready to give you ticker symbols and sell prices today. [Click here to get all the details.]( Enjoy reading this article? [Click here]( to like it and receive similar articles to read! 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