Gold's meteoric rise to $2,700

Lemon_tm/iStock via Getty Images Gold ( XAUUSD:CUR ) recently surpassed $2,700/ounce in a historic first, amid a blistering rally in 2024 that has seen the precious metal soar +33.21% YTD. According to Bank of America , the precious metal is testing all-time highs against global equities as investors seek hedges.