by Stefan Wieler
Gold prices are up between 13% and 23% year-to-date in the major currencies. However, this upward trend started long before the recent price rally. In fact, in a majority of currencies, gold has been in a sustainable upward trend since 2014. On average, these upward trends tend to last 4.5 years with an average price increase of over well 100%. Further, as long as gold prices remain over USD1165/ozt, gold has also entered an up-trend in USD terms which, historically, has lasted more than 3 years on average and pushed gold >200% higher.