Gold has recently captivated the financial world with an extraordinary rally, setting new records in the precious metals market.

The precious metals market witnessed a historic moment on September 26, 2024, as gold futures surpassed the $2700 per ounce mark for the first time.

The gold market has entered a corrective period following its recent surge to a new record high. After reaching an all-time peak of $2,708.70 on October 1, 2024, gold prices have steadily declined, shedding approximately $68 in just eight days.