GOLD

Gold

<div class="watcher-guru">
 <p>Gold price (XAU/USD) climbed above the $2,000 mark on Monday and are currently trading at $2,014 in the indices. The precious metal spiked nearly 18% in the last 30 days delivering decent returns to investors. The price of gold is reaching new highs as the US dollar is weakening due to the Fed’s hawkish stance. Institutional investors are exiting US treasuries and entering the commodities markets investing heavily in gold.</p>
 <p><strong>Also Read: Gold To Become Expensive &amp; Reach $3,000: Best Time To Invest?</strong></p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="740" src="https://cdn.thebittimes.com/images/2023/11/28/351a70f7f1e1f6d16e66b72474cc5aca.webp" alt class="wp-image-120207" srcset="https://cdn.thebittimes.com/images/2023/11/28/351a70f7f1e1f6d16e66b72474cc5aca.webp 1024w, https://cdn.thebittimes.com/images/2023/11/28/351a70f7f1e1f6d16e66b72474cc5aca.webp 300w, https://cdn.thebittimes.com/images/2023/11/28/351a70f7f1e1f6d16e66b72474cc5aca.webp 768w, https://cdn.thebittimes.com/images/2023/11/28/351a70f7f1e1f6d16e66b72474cc5aca.webp 380w, https://cdn.thebittimes.com/images/2023/11/28/351a70f7f1e1f6d16e66b72474cc5aca.webp 550w, https://cdn.thebittimes.com/images/2023/11/28/351a70f7f1e1f6d16e66b72474cc5aca.webp 800w, https://cdn.thebittimes.com/images/2023/11/28/351a70f7f1e1f6d16e66b72474cc5aca.webp 1159w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Investing.com
  </figcaption>
 </figure>
 <p>The development is making the precious metal’s price rise as it’s attracting heavy bullish sentiments worldwide. In this article, we will highlight a price prediction made by an AI for <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> (<a rel="noopener noreferrer nofollow" title="XAU/USD" href="https://thebittimes.com/tag/xau-usd.html">XAU/USD</a>) for December 2023.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <p><strong>Also Read: Gold Prices To Rise $700 Per Ounce As U.S. Debt Spirals</strong></p>
 <h2 class="wp-block-heading" id="h-gold-price-prediction-xau-usd-december-2023-made-by-ai">Gold Price Prediction (XAU/USD): December 2023 Made By AI</h2>
 <p>CoinPriceForecast, a machine-learning AI algorithm has predicted gold prices (XAU/USD) for December 2023. The prediction is bullish and could deliver decent returns to investors in the next 30 days.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <figure class="wp-block-image size-full"><img decoding="async" width="948" height="370" src="https://cdn.thebittimes.com/images/2023/11/28/1a172f3af71f93962aedfcd3fcf2dd09.webp" alt class="wp-image-120208" srcset="https://cdn.thebittimes.com/images/2023/11/28/1a172f3af71f93962aedfcd3fcf2dd09.webp 948w, https://cdn.thebittimes.com/images/2023/11/28/1a172f3af71f93962aedfcd3fcf2dd09.webp 300w, https://cdn.thebittimes.com/images/2023/11/28/1a172f3af71f93962aedfcd3fcf2dd09.webp 768w, https://cdn.thebittimes.com/images/2023/11/28/1a172f3af71f93962aedfcd3fcf2dd09.webp 380w, https://cdn.thebittimes.com/images/2023/11/28/1a172f3af71f93962aedfcd3fcf2dd09.webp 550w, https://cdn.thebittimes.com/images/2023/11/28/1a172f3af71f93962aedfcd3fcf2dd09.webp 800w" sizes="(max-width: 948px) 100vw, 948px">
  <figcaption class="wp-element-caption">
   Source: CoinPriceForecast.com
  </figcaption>
 </figure>
 <p>According to the price prediction, <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> could end the year reaching a new high of $2,179 next month in December 2023. That’s an uptick and return on investment (ROI) of approximately 8% from its current price of $2,014. Therefore, an investment of $10,000 in <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> today could turn into $10,800 next month if the price prediction turns out accurate.</p>
 <p><strong>Also Read: Gold Prices Forecasted To Rise 50% In 2024, Reach $3,000</strong></p>
 <p>Nonetheless, the commodities and <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> markets are volatile and could change depending on global macroeconomic situations. There is no guarantee that the precious metal could reach the $2,179 target next month in December. The conflict in the Middle East could pull the markets down leading to severe losses in the commodity markets.</p>
 <p>The Israel and Palestine conflict is among the top reasons why investors exited the equity markets and entered <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a>. If the tensions between the two nations escalate, the markets could be under tremendous pressure and begin to print losses. Therefore, it is advised to do thorough research before taking an entry position into <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> and commodities at the moment.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>GOLD</li>
  <li>Gold Price Prediction</li>
  <li>Gold Prices</li>
  <li>XAU/USD</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ai-predicts-gold-price-for-december-2023-xau-usd-tbt71859.html">https://thebittimes.com/ai-predicts-gold-price-for-december-2023-xau-usd-tbt71859.html</a></p>

AI Predicts Gold Price for December 2023 (XAU/USD)

Table of Contents

TheBitTimes

Other articles published on Nov 28, 2023

How to Buy Band Protocol Coin?

Canaan’s Q3 Bitcoin mining revenue declines by nearly 80%

Ethereum's Vitalik Buterin Says AI Could Pose "Existential Risk"

How Artificial Intelligence is Powering a New Era in the NFT Space

These 4 Crypto Traders Predicted the Bitcoin (BTC) Price Movement in November

XRP holders lawyer John Deaton criticizes SEC officials

Join our free newsletter for daily crypto updates!