As suggested by the latest analysis of incremental momentum, the gold market is currently undergoing a dramatic shift from a peripheral asset class to a core component of capital allocation. The possibility of gold prices reaching $8,900 by the end of 2030 is not just a numerical forecast but a realistic scenario reflecting a fundamental reorganization of the global financial order. This change is occurring amid the interplay of multiple structural factors, including the wobbling of the dollar-based currency system, strategic gold purchases by central banks worldwide, and the rapid expansion of government debt.
Reading the gold market through Dow Theory: Shift from peripheral assets to the core
The bullish trend in gold is currently in its second stage, "the phase of general investor participation." Using the framework of Dow Theory, the optimism in media reports, the increase in speculative trading, and new