Gold Tests Key Resistance Level That Could Signal the Next Bullish Phase

Gold, the world’s first-ever $30 trillion asset, has exceeded expectations in 2025, rising more than 60% year-to-date to trading at approximately $4,340 per ounce. One way to assess gold’s strength is by measuring its performance relative to the M2 money supply. (M2 refers to a broad measure of money in circulation, including cash, checking deposits, savings accounts). Since its 2022 bottom, gold has gained roughly 150% against M2. However, it is now approaching historically significant levels last seen ...