This will keep rising and most will be asleep to why.
Once the broader market realises (much later) that GOLD IS NOW AN OIL CURRENCY (as 20% of oil trades last year were conducted outside the USD and that ratio will only increase) then concensus will wake up when gold is closer to USD$3000/OZ.
Countries are using gold as a neutral reserve settlement asset over USTs (esp BRICS nations who have >50% oil globally) and the energy market is 15x the size of the gold market.
Remember oil was repriced multiples higher in 73/74 to make it large enough to set up the Petrodollar system. The same applies to Gold moving forwards.
This is why Central Banks are accumulating gold (not USTs) since 2014. They are the "market makers"
It's all there when viewed through the correct lens.
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