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It’s a good time to be a gold bug. At the beginning of 2024, gold was trading at around $2,043 per ounce. At the end of last week it was a little higher than $2,330, marking a gain of more than 10%.
Gold prices moved higher rising up to trend line resistance that comes in near 1,209. Support on the yellow metal is seen near the 10-day moving average near 1,196.
Initially estimating that gold could reach $15,000 per ounce, Rickards is raising his forecast — substantially. “My latest forecast is that gold may actually exceed $27,000,” Rickards wrote ...
Gold prices fell despite weaker GDP data. Home & Garden. Lighter Side
Gold prices edged higher on Wednesday but continue to trade sideways in a tight range. Market uncertainty which has led to a risk off trade buoyed the yellow metal, but this way offset by rising ...
Gold prices tumbled on Friday as the dollar gained traction, following a stronger than expected US industrial production report. The better than expected number pushed the 10-year yield back to 2. ...
Gold prices face downward pressure as the dollar maintains strength.
Jobs data fails to take gold prices lower