Gold prices smash records above $3,500 after doubling in three years amid deficits inflation and a weakening labor market.
Only one asset class has told a consistent story:
Gold.
Gold prices have been rising in a straight-line higher since 2022.
The commodity is now up +43% in 12 months and +100% in 3 years.
Today, that narrative continues as gold prices take another sharp turn higher into record…
— The Kobeissi Letter (@KobeissiLetter) August 7, 2025
🚨 Gold Futures just got squeezed to $3,534, a fresh 52-week high! 💥
Momentum is surging, and the bulls are in full control.Beat the market — join our Substack: https://t.co/5LfxVMEuLh pic.twitter.com/DYj6Tq8NRc
— Wall Street Gold (@WSBGold) August 7, 2025
Remember this article? Why would Trump impose a 39% tariff on gold which could push the price of physical sharply higher: Well, if at $2800 (gold $ at the time) gold revaluation would inject $800BN in Treasury cash, at $4726 ($3400*1.39) it would mean $1.235 trillion! https://t.co/qDHU4YGxCB
— zerohedge (@zerohedge) August 8, 2025
MASSIVE gap blowing out between the gold price in London (spot, 400 ounce bars) and New York (futures, smaller bars) due to alleged import of gold into US from Swiss refineries. pic.twitter.com/sNkjP8c0Cq
— Jan Nieuwenhuijs (@JanGold_) August 8, 2025
Gold futures price has broken to new ATHs today.
Spot price here should follow.
The target for the price structure below is still about $4 000.Gold has a third, pink consolidation pattern since the breakout above blue line. Three smaller consolidation patterns within a larger… pic.twitter.com/tUYImG6FII
— Graddhy – Commodities TA+Cycles (@graddhybpc) August 8, 2025