On October 9, 2025, gold soared 60% y/y to $4,061 an ounce, smashing every record in history, except for its exceptional performance in 1970s, when the annual percentage increase exceeded 60% three times after the US left the Bretton Woods system, effectively abandoning the gold standard amid a decade of geopolitical turbulence, oil price shocks, soaring inflation and political incompetence.
A Macro Market View by Hubert Marleau
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