One gold standard fact known to all is that it was terminated by President Nixon in August 1971.
After hitting its eight-month high at $1,300 on Jan. 30, analysts now predict that gold could sustain this performance throughout the year and into 2020.
For the past three years the path of the least resistance for gold and silver has been upward, except for brief market corrections.
The price of gold has been moving consistently well since October last year, as the stock market continues to be volatile.
Investors of the yellow metal should take note of these two very likely scenarios that could come soon for the gold market.
The Dow has exceeded the highs it recorded in January while gold is slowly seeing higher prices.
Dow Jones can be expected to continue its upward trend in the coming months after closing higher last week while gold slides lower.
Gold stocks closed in another all-time low since December 2015.
The white metal will outperform gold thanks to its low price.
The precious metal will get more demand this month because of the Akshaya Tritiya festival, where gold is essential in the bride's dowry.