Gold is on fire.
It just hit a new all-time high, pushing up toward $3,000. And that’s got a lot of traders excited.
But if history is any guide, gold may have one last test before it truly takes off…
Because if there’s one thing gold has struggled with over the years, it’s these big, round-number milestones.
Every time gold approaches a major “century mark” — whether it’s $2,700… $2,800… or $2,900 — it tends to stall, retrace, and only then make its next move higher.
I’ve noticed this pattern repeats itself time and time again, which is why I sometimes call it the “Century Mark Curse.”
But this time, there’s something even bigger at play.
Gold isn’t just staring down its next century mark.
It’s staring down a millennium mark.
Century Mark vs. Millennium Mark: A Bigger Test?
A century mark is any price ending in 00 — $2,700, $2,800, $2,900, etc.
These levels tend to act like psychological speed bumps, where gold hesitates before resuming its trend.
But millennium marks — $1,000, $2,000, $3,000 — could be even more significant. These big, flashy “headline numbers“ tend to attract mainstream attention, heavy speculation, and in some cases, strong resistance.
Just look at what happened last time gold hit a new millennium level:
- $1,000: Gold first hit this mark in early 2008, but it chopped around for almost 18 months before breaking out for good in late 2009.
- $2,000: The yellow metal first hit $2,000 in July 2020… only to crash back to $1,600 before breaking above it cleanly in November 2023 — almost 2½ years of resistance!
Now as we’re approaching the $3,000 mark, the question on everyone’s minds is: Will this time be different?
Why Gold Is Running
A few major forces are pushing gold higher:
- Market uncertainty – Stocks just saw a 10% correction, and investors are looking for safe-haven assets.
- Inflation isn’t going anywhere – CPI and PPI showed inflation is still sticking around, even if it’s not rising as fast as it was before.
- Geopolitical tensions – With Putin rejecting a Ukraine ceasefire and tariffs hitting global trade, gold is benefiting from risk-off flows.
That’s a strong case for higher gold prices over time.
But in the short term?
Gold’s Big Test at $3,000
If history repeats, we could see some resistance at this millennium mark — just like we did at $1,000 and $2,000.
That could mean:
- A pullback to shake out weak hands before gold makes another run higher.
- A prolonged sideways chop that keeps traders guessing.
- A clean break higher — if buyers overwhelm sellers at this key level.
Either way, gold is at a historic inflection point.
I just covered this and more in my free bi-weekly Market Radar session. Click here to watch the whole episode now and don’t forget — you can register here to get notified every time I go live!
Stay sharp,
—Geof Smith
P.S. Nate Tucci’s “Two Way Options” were tailor-made for markets like this. Click here to see how he’s playing this volatile market — in BOTH directions!
