Gold Price Forecast: Record-Breaking Surge to $2,300, Correction on the Horizon

Thursday, 4 April 2024, 16:57

Gold prices surged to an all-time high above $2,300 per troy ounce on Tuesday. The market anticipates a correction before resuming its upward trend. Investors are closely eyeing key support levels for potential buying opportunities.
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Gold Price Forecast: Record-Breaking Surge to $2,300, Correction on the Horizon

Gold Price Forecast

Spot Gold continued its rally, reaching a peak of $2,304.81 per troy ounce on Tuesday, setting a new record high.

Highlights:

  • Record-Breaking Surge: Spot Gold peaked at $2,304.81, surpassing all previous highs.
  • Anticipated Correction: Market experts predict a potential correction in the near term.
  • Investor Sentiment: Traders are monitoring key support levels for potential entry points.

Conclusion: While Gold has achieved remarkable highs, a correction may be on the horizon before a new bullish phase.


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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