Best looking weekly chart, page-3060

An article by Jan Nie..

'Gold is now the fastest-rising international reserve asset, to the detriment of the dollar. Data from the IMF’s Currency Composition of Official Foreign Exchange Reserves has yet to be released for Q1 2015, but in 2024, gold’s share of global international reserves crossed 21%, up 4% year on year, which is the biggest jump in over four decades.

As wars and deficit spending rage on—and as there is virtually zero effort by policymakers to reduce the global debt burden—inflation is the most likely outcome. My expectation is that gold will surpass 50% of international reserves in the years ahead, reaching an estimated $8,000 per fine troy ounce, possibly overshooting to $16,000.'

https://www.moneymetals.com/news/2025/06/11/secret-gold-purchases-by-chinese-central-bank-reach-mainstream-media-004117

'Now that the cat is out of the bag, we can expect more reporting by the mainstream media on covert purchases by central banks, and by extension, the actual size of China’s monetary gold reserves and a more realistic approach to gold’s share of global international reserves.'

I suggest, we can expect the retail fever to strike in the gold shares market, within months!