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(Kitco News) - Gold prices are not dropping below $2,000 an ounce again in our lifetime following the metal's performance this year, said Peter Schiff, chief market Gold prices this week trade just a stone’s throw away from their all-time settlement high, but the move above the key $2,000-an-ounce mark was a long time in the making. Gold prices are expected to rise towards record highs above $2,000 an ounce this year, albeit with a little turbulence, as the United States slows the pace of rate hikes Gold price could be heading to $2025 if you use the 23-year chart. The price has formed a cup and handle pattern and is attempting to test all time high; Gold price Recently, gold broke the impressive $2,000 line and appears to be on the cusp of shattering its all-time high. Unsurprisingly, Noble Gold Investments has experienced a deluge of calls, with On the technical front, XAUUSD needs to close above the $2025 mark to confirm a continuation of the bullish trend – the price is holding above the 5-day EMA, for now Investing.com - Gold prices finally reached the nirvana aspired by longs in the game$2,000 an ouncebut attaining longevity and a new record high here might

Gold Price Heading Toward $2000 & Beyond: Is a New Record High In Sight?

Is gold's rally sustainable? All eyes are on the precious metal as it flirts with all-time highs, recently breaking above the impressive $2,000 line. Gold prices are not dropping below $2,000 an ounce again in our lifetime following the metal's performance this year, said Peter Schiff, chief market Gold prices this week trade just a stone’s throw away from their all-time settlement high, but the move above the key $2,000-an-ounce mark was a long time in the making. Could this be the start of a significant surge?

Gold Price Forecast: $2000, $2025, or Higher?

Experts are weighing in on the potential trajectory of gold prices. Gold prices are expected to rise towards record highs above $2,000 an ounce this year, albeit with a little turbulence, as the United States slows the pace of rate hikes. Some analysts, referencing long-term charts, see even higher targets. Gold price could be heading to $2025 if you use the 23-year chart. The price has formed a cup and handle pattern and is attempting to test all time high. Investing.com - Gold prices finally reached the nirvana aspired by longs in the game$2,000 an ouncebut attaining longevity and a new record high here might

What's Fueling the Gold Price Rally?

Several factors are contributing to the current bullish sentiment. Economic uncertainty, inflation concerns, and geopolitical tensions often drive investors toward safe-haven assets like gold. The recent slowdown in US rate hikes is also playing a role, making gold more attractive compared to interest-bearing investments. Unsurprisingly, Noble Gold Investments has experienced a deluge of calls, with investors eager to capitalize on the potential upside.

Technical Analysis: Key Levels to Watch

From a technical perspective, key levels are being closely monitored. On the technical front, XAUUSD needs to close above the $2025 mark to confirm a continuation of the bullish trend – the price is holding above the 5-day EMA, for now. A sustained break above this level could pave the way for further gains. (Kitco News) - Gold prices are under pressure

Will Gold Reach a New All-Time High?

The question on everyone's mind is whether gold can sustain its momentum and break through to a new all-time high. While predictions vary, the overall outlook remains positive, with many analysts anticipating continued upward pressure on gold prices in the coming months. Stay informed on the latest gold market updates and analysis to make informed investment decisions.

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