It's official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and in Q4 2019, when it comes to the peak in quarterly economic activity), marking the start of a recession. The peak also designates the end of the expansion that began in June 2009 and lasted 128 months, the longest in the history of business cycles dating back to 1854. How did gold behave during the last U.S. economic expansion? Let's look at the chart below. As one can see, a lot happened in the gold market during 2009-2020 ... (full story)