Current Gold Price: Why the gold fever is back and how you can capitalise on it

Here we go again: gold fever is taking hold. Anyone keeping an eye on the current gold price saw last Friday that futures were trading significantly higher during the European session. But what's truly striking is the lead the crypto market gave us. Bitcoin and other digital assets shot up, and as is often the case, cryptocurrencies sometimes foreshadow the sentiment in precious metals. My expectation? Monday will see the gold price open significantly higher, and we could be at the start of a new rally.

Insider: "Gold ready for next upward phase"

An insider I spoke with is rock-solid in their conviction that gold is ready for its next upward phase. And they're not alone. Anyone who has followed the market for a while can see that gold prices have technically broken through a major resistance level. My contact pointed to the continued purchases by central banks, particularly in Asia and the Middle East. "Those players are looking at the long term, not the daily fluctuations," they say. And that's before we even mention interest rate expectations in the US and ongoing geopolitical tensions.

Gold Price EUR and the role of currency

For us in the Netherlands, the Gold Price EUR is particularly interesting. In recent weeks, we've seen the dollar lose some ground, but the euro-gold price remained stable to slightly higher. That's a sign that underlying demand is robust. Looking at the Gold Price in all currencies, we see a consistent picture: in pounds, yen, francs – everywhere, gold is rising in local currency. That's exactly what you want to see in a nascent bull market. Diversification is working, and investors are seeking safety outside the traditional monetary system.

What does this mean for the Dutch investor?

In the Netherlands, there are several ways to capitalise on the rising gold price. Of course, there are the well-known trackers and ETFs, but for those wanting to go tangible, a Gold Exchange Bureau soon comes into play. In recent weeks, I've seen more and more people heading to such bureaux with old jewellery, ten-guilder coins, or British pounds. Supply is increasing, but so is demand from private individuals looking to buy more. My advice: if you're considering purchasing physical gold, pay close attention to the spread between buying and selling prices. At a Gold Exchange Bureau, you can often trade directly, but do compare the rates.

• Sustained central bank purchases – China, Turkey, and India are continuing to buy structurally.
• Interest rate expectations – The market is pricing in the end of US rate hikes, which weakens the dollar.
• Geopolitical uncertainty – From Ukraine to the Middle East, tensions are driving flight capital.
• Technical breakout – The current gold price has broken through multi-year resistance, attracting momentum players.

Outlook: stay level-headed, but be prepared

I'm not one for hype, but the signals are too clear to ignore. The gold price is in a better position than it has been for years. Of course, it could move sideways or down for a while – nothing rises in a straight line. But the underlying structure is sound. My tip: set a price alert for the current gold price in euros, and if you're considering physical gold, visit a reliable Gold Exchange Bureau to explore the options. Gold fever is back, but those who keep a cool head can navigate it wisely.

Next week, I expect more clarity on how the market reacts to the new figures from America. So, keep an eye on gold prices, and if you have any questions, I look forward to reading your comments.