Rally

Gold

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 <p>In what is a sudden turn of events, the gold price has surpassed the important $2000 mark. Moreover, technical analysis shows that a sustained rally could be in play for the asset. Subsequently, many have predicted that an all-time high is not out of the question for the asset.</p>
 <p>For several days, resistance levels stood in the way of the asset’s eventual turn beyond the $1950 mark. Now, Fundstrat’s Mark Newton has predicted that the asset has an “intermediate target” to reach <a rel="noopener noreferrer nofollow" title="$2500" href="https://thebittimes.com/tag/2500.html">$2500</a>. Subsequently, its current price of $2014 leaves it with immense potential.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="733" height="419" src="https://cdn.thebittimes.com/images/2023/11/23/9d761ef25f58bc7df8c655d6ce8a2936.webp" alt="Gold" class="wp-image-119273" srcset="https://cdn.thebittimes.com/images/2023/11/23/9d761ef25f58bc7df8c655d6ce8a2936.webp 733w, https://cdn.thebittimes.com/images/2023/11/23/9d761ef25f58bc7df8c655d6ce8a2936.webp 300w, https://cdn.thebittimes.com/images/2023/11/23/9d761ef25f58bc7df8c655d6ce8a2936.webp 380w, https://cdn.thebittimes.com/images/2023/11/23/9d761ef25f58bc7df8c655d6ce8a2936.webp 550w" sizes="(max-width: 733px) 100vw, 733px">
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 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Gold Prices" href="https://thebittimes.com/tag/gold-prices.html">Gold Prices</a> Rally Towards <a rel="noopener noreferrer nofollow" title="$2000" href="https://thebittimes.com/tag/2000.html">$2000</a>; When Will It Reach $2100? </strong></p>
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 <h2 class="wp-block-heading" id="h-gold-price-predicted-to-reach-heights-of-2500">Gold Price Predicted to Reach Heights of $2500</h2>
 <p>Few assets on the market have become as embraced in recent years as gold. Indeed, the precious metal has become a key investment amid the rather disheartening economic circumstances of the world as a whole. Subsequently, its price has seen massive increases, with it surpassing key psychological levels.</p>
 <p>Indeed, the gold price has finally exceeded the <a rel="noopener noreferrer nofollow" title="$2000" href="https://thebittimes.com/tag/2000.html">$2000</a> mark, with analysts predicting that there is room for a sustained rally. Specifically, Fundstrat’s Mark Newton told Markets Insider that <a rel="noopener noreferrer nofollow" title="$2500" href="https://thebittimes.com/tag/2500.html">$2500</a> is certainly not out of the question for the precious metal.</p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2023/11/23/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp" alt="gold us dollar" class="wp-image-119592" srcset="https://cdn.thebittimes.com/images/2023/11/23/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 1024w, https://cdn.thebittimes.com/images/2023/11/23/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 300w, https://cdn.thebittimes.com/images/2023/11/23/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 768w, https://cdn.thebittimes.com/images/2023/11/23/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 380w, https://cdn.thebittimes.com/images/2023/11/23/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 550w, https://cdn.thebittimes.com/images/2023/11/23/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 800w, https://cdn.thebittimes.com/images/2023/11/23/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 1063w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p><strong>Also Read: Gold Prices Skyrocket 15 Points Before Fed Meeting </strong></p>
 <p>“This is quite positive technically, and I expect that gold has begun its pushback to a new all-time high,” Newton stated. Moreover, he noted that a move ahead of $2009.41 would eventually catapult the asset to the range of 2060 and 2080.</p>
 <p>Thereafter, Newton predicted such an ascension would leave a “definite technical breakout” as a possibility. “My technical target goal for gold is $2500/oz, and it looks appealing to be a long-precious metal given falling real rates, rising cycles, and ongoing geopolitical conflict,” he added.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/gold-price-surpasses-2000-with-rally-to-2500-in-play-tbt71281.html">https://thebittimes.com/gold-price-surpasses-2000-with-rally-to-2500-in-play-tbt71281.html</a></p>

Gold Price Surpasses $2000, With Rally to $2500 In-Play

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