Is Gold in the Beginning Stages of a Bullish "Supercycle?"

From moneymetals.com

Is gold in the midst of a supercycle? A Wells Fargo analyst thinks so. Gold has had quite a bull run in 2024. The yellow metal is up over 21.6 percent this year, ranking among the best-performing assets. Along the way, it has hit new all-time highs more than 20 times. The first leg of the bull run occurred between mid-February and mid-April as gold moved from around $1,900 to $2,390. There was consolidation at that level over the summer before the recent run up to over $2,500. Now it appears we're in a period of consolidation around that level. During a recent interview with Kitco News, Wells Fargo Head of Real Asset ... (full story)