GOLD/XAUUSD upward analysis
Gold (XAU/USD) is currently trading around $2,670 per ounce, approaching its all-time high of $2,726. Analysts, including those from Goldman Sachs, forecast that gold prices could reach $2,700 by early 2025, driven by factors such as anticipated U.S. interest rate cuts and increased central bank purchases. Given this context, an upward target of $2,680 appears attainable in the near term.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.