"Strategist Predicts Gold's Surge Signals Imminent All-Time High Rally"

Gold's surge above $2,000 per ounce has sparked predictions of a rally to a new all-time high, with prices at six-month highs and up for two consecutive weeks. Mark Newton, head of technical strategy at Fundstrat, believes that gold is showing signs of a rally back to new all-time highs, with a breakout level of $2,050. Michele Schneider, partner and director of trading education and research at MarketGauge.com, suggests that gold could reach $3,000, citing its resilience in the face of a stable dollar and higher rates. The rise in gold prices is attributed to escalating geopolitical tensions and anticipation of the end of the Federal Reserve's tightening cycle. Central banks have been significant buyers of gold, with China leading the way.