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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%.
With circumstances continuing to devolve into madness following the onset of the pandemic-fueled new normal, queries regarding gold price predictions for 2023 naturally picked up. Historically ...
At the beginning of 2024, gold was trading at approximately $2,043 per ounce. As of this writing, it has risen to just over $2,340 per ounce, marking a gain of greater than 14% in under six months.
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Gold prices are forming a bull flag pattern which is a pause that refreshes higher. Prices were buoyed on Wednesday as the dollar fell against the Euro and US yields temporarily haltered their rise.
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The Turkish/SNA offensive in Rojava continued with the 2024 Kobani offensive [162] which ended in a victory for Rojava. This came following a US mediated truce [163] and an SNA failure to capture Tishrin Dam and Qara-Qowzak Bridge. [164] Followed by a counter-offensive in the East Aleppo offensive (2024).
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