Gold Price Forecast: XAU/USD Hits All-Time Highs, Keeps an Eye on Chinese and US Manufacturing PMI Data

Monday, 1 April 2024, 00:41
The Gold Price (XAU/USD) has surged to unprecedented levels above $2,250 per troy ounce amidst the early Asian trading session. The market is closely monitoring the upcoming Chinese and US Manufacturing PMI data releases for potential impacts on the precious metal's price trajectory. Investors are bracing for key economic indicators that could influence the future movement of gold prices.
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Gold Price Forecast: XAU/USD Hits All-Time Highs, Keeps an Eye on Chinese and US Manufacturing PMI Data

Gold Price Forecast

Gold Price (XAU/USD) has hit a significant milestone, surpassing the $2,250 mark, indicating a bullish trend.

Market Sentiment

Investors are eager to see the effects of upcoming Chinese and US Manufacturing PMI data on gold's value.

  • Focus on economic health indicators
  • All-time highs spark interest in the precious metal

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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